[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war between Apple (AAPL -2.53%) and the retail sector as the former fell and the latter rallied (XRT +1.12%). Crude oil (+2.27%) through in some bullish support but it the end, the major indexes headed south by a slight margin. Of course, Holiday shortened weeks invite low volume, so the …
ETF Tracker Newsletter For November 24, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11222017/ CLOSING AT NEW ALL-TIME HIGHS [Chart courtesy of MarketWatch.com] Moving the markets Despite this being a Holiday shortened week, 2 of the 3 major indexes (S&P 500 and Nasdaq) managed to close at new records with the S&P booking a gain of +0.9% over the past 4 sessions. Retailers were obviously in focus, but the retail …
Dow Ekes Out A Record; S&P And Nasdaq Slip
[Chart courtesy of MarketWatch.com] Moving the Markets Weighing on the major indexes was a sell-off in predominantly three sectors, which kept a lid on the usual afternoon ramp. Retail (XRT), Financials (XLF) and SmallCaps (SCHA) combined their poor performances of -2.35%, -1.38% and -1.10% respectively to keep any upward momentum from gaining speed—and they succeeded with only the Dow eking …
Tech Slumps And Gold Pumps
[Chart courtesy of MarketWatch.com] Moving the Markets Despite another roller coaster ride, the Dow was the only one of the three major indexes that not only “survived” the mid-day sell-off but also registered another record high. The tech arena was not so lucky and, after a tremendous run in the recent past, had to accept the fact that nothing goes …
Broad Weakness Can’t Stop Nasdaq From Setting New Record
[Chart courtesy of MarketWatch.com] Moving the Markets It was a nip and tuck kind of day with a rise in bond yields keeping any equity advances in check as hope prevailed that its impact on stocks would be ephemeral. The yield on the 10-year bond rose 2 basis points to 2.26% after having declined from a recent high of 2.39% …
Hugging The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes zigzagged throughout the day but stayed close to the unchanged line, and that’s where we ended up with only the Nasdaq closing fractionally higher. On the front burner is much anticipation about the upcoming earnings season with some key quarterly results due out later this week. On the day, healthcare …