[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks shrugged off a selloff in Shanghai and were higher as Wall Street seeks to build on yesterday’s V-shape come-back that wiped out big losses and allowed stocks to finish the day up. There was a huge sell-off of Chinese stocks overnight plunging 6%. It was the worst day of losses in …
Stocks Fight Back To Close In The Green
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks pulled out of an early deep slide to close higher as the common “follow the leader” trend that has dominated Wall Street for most of 2016 came back in play: The direction of oil prices determines the direction of stocks. The “disappointing” sentiment that oil production caps would not come into play …
Back To “Correctional” Territory For Dow
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After its recent hot streak, the Dow Jones industrial average dipped back into correction territory Tuesday as stocks tumbled amid a renewed slump in oil prices and a still uncertain outlook for global growth and U.S. corporate earnings. All major indexes dropped at least 1.1% on the day. Hopes for a near-term oil production cut were dashed today when …
Short Squeeze Continues As Bad News Is Good News
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After posting its best weekly gain in what has been a dismal start to 2016, stocks kicked off the new week in rally mode as investors reacted to rising oil prices and signs of alleged stability in China’s stock market. Well, there really was no stability but the naming of a new regulator …
ETFs/Mutual Funds On The Cutline – Updated Through 02/19/2016
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 48 (last week 41) are hovering in bullish territory. The second report includes only …
One Man’s Opinion: Does The Market Indicate There’s A US Growth Problem?
The overall pessimism about the US economy has not subsided as nominal GDP growth has been less than three percent, Q4-over-Q4 , and in that kind of world, corporate profits don’t grow very much, said Joe Lavorgna, chief US economist at Deutsche Bank. People are focused on the labor market, which is a backward looking indicator; companies hired people, but …