[Chart courtesy of MarketWatch.com] Moving the markets Despite an early struggle for direction, bullish momentum picked up with the major indexes notching another day of gains making this the third winning session in a row. The trade battles with China and Mexico continued unabated but mixed news was put simply on the back burner. Traders decided to put their focus …
Ramping Higher In The Face Of Plunging Oil Prices
[Chart courtesy of MarketWatch.com] Moving the markets Equities started the session in the positive, before a mid-day pullback interrupted follow through buying from yesterday. The pause was short-lived and, despite conflicting economic data, the bulls charged ahead with the major indexes closing around their session highs, despite yesterday’s short squeeze running out of ammo. ADP payroll data painted a bleak …
China And Fed Please Markets
[Chart courtesy of MarketWatch.com] Moving the markets A couple of positive developments combined forces to help the market crawl out of a hole and ramp higher after the miserable month of May. The major indexes gained above 2%. Getting things started right at the opening were these conciliatory words from China in regards to the recent trade war escalation: CHINA …
Tech Sector Gets Rattled
[Chart courtesy of MarketWatch.com] Moving the markets Tech stocks took a tumble and dragged the overall market down with some damage control setting in during the last 30 minutes of the session. Global tariff fears, along with reports that the Trump administration has launched a multi-pronged anti-trust battle against big tech due to possible anti-trust violations, created enough uncertainty to …
ETFs On The Cutline – Updated Through 05/31/2019
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 May 31, 2019
ETF Tracker StatSheet You can view the latest version here. TRADE WAR #2 CAUSES A SEA OF RED [Chart courtesy of MarketWatch.com] Moving the markets The markets got ambushed last night after Trump’s announcement that tariffs on Mexico will be imposed as of June 10th in order to force the country to stem the tide of the ever increasing …