[Chart courtesy of MarketWatch.com] Moving the markets The November Fed minutes revealed that a rate hike was on the horizon, but the path from then on forward was uncertain and that “monetary policy in 2019 was not on a pre-set course.” Additionally, it was made clear that the expectation of 3 hikes was “flexible” and could change, if the economic …
Fed Head Powell’s Dovish Comments Power The Markets
[Chart courtesy of MarketWatch.com] Moving the markets Today, only one topic mattered and that was what Fed chief had to say about interest rates. His comment that they are “just below where they won’t stimulate the economy” was enough to get the buying spree going with the major indexes scoring solidly, as the chart above shows. The Wall Street crowd …
See-Sawing Higher
[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the major indexes see-sawed in and out of the red before, late in the day, cautious optimism prevailed insuring a green close. The gains were small, especially for the Nasdaq which barely crawled above the unchanged line. Despite the positive tone, SmallCaps (IWN) were not so lucky and …
Bouncing Back From Last Week’s Disaster
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s drubbing, it came as no surprise that a rebound was in order. Closely watched was the retail sector with analysts trying to gain some perspective as to the shopping traffic leading into the Holiday season. The picture was mixed, and not conclusive, as in-story traffic fell as much as 9% …
ETFs On The Cutline – Updated Through 11/23/2018
Below, please find the latest High-Volume ETF 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 322 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For November 23, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-21-2018/ THE WORST THANKSGIVING WEEK IN 7 YEARS [Chart courtesy of MarketWatch.com] Moving the markets Despite an early rally attempt based on hope that “black Friday” would do wonders for the retail sector, the gains could not be sustained, and the major indexes plunged into the close during this Holiday shortened session. In the end, things continued …