[Chart courtesy of MarketWatch.com] Moving the markets Yesterday, I pointed towards more choppiness in the markets and, as if on command, we witnessed a wild roller coaster ride today. It started with a huge dump, followed by a pump to the unchanged line, which was followed by another dump and a failed last-ditch effort to get to green. The futures …
Fed Keeps Rates Unchanged—An Early Pop Is Followed By A Late Drop
[Chart courtesy of MarketWatch.com] Moving the markets The Fed did everything it could to put a positive spin on its pledge to keep rates low for the next few years: The U.S. central bank kept interest rates near zero. Members of the Fed’s policymaking committee also indicated the overnight rate could stay near zero through 2023. “With inflation running persistently …
No Market Commentary
As announced yesterday, I will be out all afternoon and not be able to write today’s market commentary. Regular posting will resume tomorrow. Ulli…
Tech In Rebound Mode
[Chart courtesy of MarketWatch.com] Moving the markets After its worst week since March, the tech sector managed to bounce back, along with the other major indexes, to end the session solidly in the green but off the intra-day highs. The big jump happened right after the opening on news of corporate deal making and improved prospects for a Covid-19 vaccine …
ETFs On The Cutline – Updated Through 09/11/2020
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 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For September 11, 2020
ETF Tracker StatSheet You can view the latest version here. NASDAQ ENDS ITS WORST WEEK SINCE MARCH [Chart courtesy of MarketWatch.com] Moving the markets An early bounce was not enough to restore the bullish momentum, as the Nasdaq bobbed and weaved throughout the session, closing in the red and ending its worst week since March with a loss of …