ETF/No Load Fund Tracker StatSheet ————————————————————- THE LINK TO OUR CURRENT ETF/MUTUAL FUND STATSHEET IS: https://theetfbully.com/2016/02/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-02042016/ ———————————————————— Market Commentary INDEXES PLUNGE WITH NASDAQ CRASHING 3% [Chart courtesy of MarketWatch.com] 1. Moving the Markets The major indexes headed south right out of starting blocks with the jobs report confirming the old mantra that good news is bad news, which caused concerns …
Weekly StatSheet For The ETF/No Load Fund Tracker Newsletter – Updated Through 02/04/2016
ETF/Mutual Fund Data updated through Thursday, February 4, 2016 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: SELL — since 11/13/2015 Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) has recently crawled above its long term trend line (red) …
Aimless Meandering
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Volatility in oil and currency markets was on again as the S&P 500 dropped towards the 1,900 level, rebounded to make new highs for the day, went sideways but managed to close slightly in the green. Crude oil was the predominant driver pushing the major indexes above and below their respective unchanged …
Oil Prices Lift Off And Fuel Market Rebound
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It was a wild session with the indexes meandering in the red most of the day when the tug-of war between oil and weaker than expected economic data came to an end with oil shooting straight up and gaining some 9% on the day. Of course, as we’ve seen lately, there was …
Oil Prices Tumble And Markets Get Slammed
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The lack of correlation between oil prices and the major indexes I pointed out yesterday reversed with a vengeance as oil dropped another 5.79% on top of yesterday’s loss of 6.78% causing the markets to head south all day with no recovery in sight. Crude oil stumbling below $30/barrel accelerated a downdraft …
Clawing Back
[Chart courtesy of MarketWatch.com] 1. Moving the Markets It did not look pretty at the opening with the major indexes taking a dive after Friday’s come back rally. Interesting to me was the break in correlation with oil prices, as oil got hammered at the tune of -6.78%, yet equities managed to dig themselves out of a hole and closed …