[Chart courtesy of MarketWatch.com] Moving the Markets The reaction to the Fed’s hawkish tone on Wednesday continued to take its toll on the markets for the second day, with the major indexes hovering below the unchanged line all day. The mood on Wall Street could be best described as “cautious” with news of a special counsel investigating allegations, as to …
Fed Does The Expected; Markets Disappointed
[Chart courtesy of MarketWatch.com] Moving the Markets In the face of poor economic news, the Fed did the expected by hiking interest rates 0.25% and set plans in motion to shrink its $4.5 trillion balance sheet reflecting the view that “an economic expansion now entering its ninth year no longer needs so much propping up.” They also appeared to stick …
Rebounding Into The Fed Meeting
[Chart courtesy of MarketWatch.com] Moving the Markets The pullback of the last 2 days ended, at least for the time being, with the Nasdaq and S&P 500 moving into record territory, while the Dow touched an all-time high on an intra-day basis as the Fed started its two-day meeting on interest rates. Even the Russell 2000 hit a record high …
Nasdaq Gets Bruised Again
[Chart courtesy of MarketWatch.com] Moving the Markets The trading day started out on a sour note with the major indexes heading south as tech weakness dragged all sectors down for the second day in a row. Things stabilized mid-day, after which we headed south again, but the usual last hour ramp kept losses to a minimum for the Dow and …
One Man’s Opinion: “This Insanity Is The Surest Sign The Stock Market Bubble Is Ready To Pop”
by Michael Snyder If everything is going to be “just fine”, why are so many big names in the financial community warning about an imminent meltdown? I don’t think that I have seen so many simultaneous warnings about a market crash since just before the great financial crisis of 2008. And at this point, you would have to be quite blind …
ETFs On The Cutline – Updated Through 06/09/2017
Below please find the latest High Volume ETFs Cutline report, which shows how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 366 High Volume ETFs ETFs, defined as those with an average daily volume of more than …