[Chart courtesy of MarketWatch.com] Moving the markets The first couple of trading hours were hopeful with the Dow jumping ahead over 300 points indicating that recent volatility had subsided and traders assuming that we’d be well on our way to the much-anticipated Holiday finish. Those hopes were dashed suddenly, when the bears took the upper hand and pounded the major …
Omicron Plus Fed Head Powell Spank Equities
[Chart courtesy of MarketWatch.com] Moving the markets First, there was more fearmongering, as Moderna’s CEO raised doubts about the efficacy of the current batch of vaccines versus the omicron variant. That took the starch out of any bullish momentum and pulled the major indexes down. Second, in a lesson to all economic hacks, Fed head Powell destroyed the long-held view …
Surrendering Early Gains But Storming Back With A Vengeance
[Chart courtesy of MarketWatch.com] Moving the markets The Dow was the most volatile of the major indexes by giving up an early 380-point gain and retreating almost all the way back to the unchanged line. The sudden turnaround happened with lightning speed after Biden’s announcement that Covid lockdowns were not needed for now, despite MSM fearmongering about the latest omicron …
ETFs On The Cutline – Updated Through 11/26/2021
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 November 26, 2021
ETF Tracker StatSheet You can view the latest version here. (Not updated due to Holiday) A RED AND BLACK FRIDAY [Chart courtesy of MarketWatch.com] Moving the markets Last night, when checking the futures markets, it became clear to me that I had to change my plans and write today’s market commentary. Things looked very bleak, and this morning’s opening …
Battling Rising Bond Yields
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to pull themselves out of on early hole, caused by a continued rise in bond yields, which eased later in the session thereby giving a much-needed comeback to the equity spectrum. It looks like the renomination of Fed chief Powell, accompanied by a spike in yields, finally found some …