[Chart courtesy of MarketWatch.com] 1. Moving the Markets An early rally, fueled by better than expected May home resales, fizzled out in the afternoon as Wall Street focused on the vagaries and uncertainties of tomorrow’s referendum on whether Great Britain will exit the European Union. A poll published today shows pretty much a statistical tie with “Leave” supporters at 45%, …
Markets Barely Back On Top
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The U.S. stock market slightly extended its relief rally as Wall Street and other global financial markets continue to be dominated by the pending outcome of Britain’s vote on Thursday to leave or stay in the European Union. In a sign of just how high-profile and potentially risky the “Brexit” vote is …
Relief Rally Fizzles
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Worldwide stock markets staged a huge rally this morning, which smelled like a dead cat bounce to me, as the much anticipated Brexit vote polls seem to be heading in the other direction with “remain” polls allegedly surging over the weekend casting doubt on the “leave” camp’s leadership. With the European Union …
One Man’s Opinion: Good News For Bulls: All Those Open Gaps Below Will Never Get Filled
By Charles Hugh Smith Market technicians have long observed that the holes in charts left when markets gap up or down at the open of trading almost inevitably get filled later on. When the market gaps down, it will eventually rise to fill that gap. When the market gaps up, it will eventually decline to fill that open gap. Since …
ETFs/Mutual Funds On The Cutline – Updated Through 06/17/2016
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 284 (last week 324) are hovering in bullish territory. The second report includes only …
ETF/No Load Fund Tracker Newsletter For June 17, 2016
ETF/No Load Fund Tracker StatSheet ————————————————————- https://theetfbully.com/2016/06/weekly-statsheet-for-the-etfno-load-fund-tracker-newsletter-updated-through-06162016/ ———————————————————— Market Commentary MARKETS REMAIN DISTRACTED ON BREXIT [Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks posted losses today as Wall Street’s attention continues to focus on next week’s closely watched vote in Great Britain on whether to leave the European Union. Overall, this week was very volatile based on global …