[Chart courtesy of MarketWatch.com] Moving the markets After the somewhat chaotic US presidential debate, the future markets headed lower by as much as 1%, with Asian trading being sloppy and choppy, while Europe also headed south. None of that mattered, as renewed hopes for further coronavirus stimulus pushed the major indexes to higher levels throughout the session in addition to …
Early Bounce—Late Trounce
[Chart courtesy of MarketWatch.com] Moving the markets Today was opposite day. After yesterday’s strong rally fed by enthusiasm over a fresh stimulus deal and new coronavirus vaccines, today’s early bounce hit the skids, as all these fuzzy feelings gave way to the reality that nothing may be accomplished, while pandemic deaths are on the rise in NY. In the end, …
Bulls In Charge
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s sour market sentiment started to swing in the opposite direction on Friday with equity bulls sensing a turnaround, despite election uncertainty. Even though September has been a down month, it was not as bad as originally feared by traders, hence the sudden outlook that the bull may have more room to …
ETF Tracker Newsletter For September 25, 2020
ETF Tracker StatSheet You can view the latest version here. EQUITIES HEAD FOR 4TH STRAIGHT WEEKLY LOSS [Chart courtesy of MarketWatch.com] Moving the markets Due to me traveling this afternoon, this is an early commentary with the markets still open for another 90 minutes or so. It looks like after some early uncertainty the bulls have taken charge, but …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/24/2020
ETF Data updated through Thursday, September 24, 2020 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …
Bobbing Around The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets The whipsaw moves in the major indexes continued with utter abandon when, after a nice rebound high for the session, markets hit a glass ceiling and tumbled back into the red. Traders were on edge early on when the futures failed to recover from Wednesday’s spanking, as a host of Fed speakers urged …