[Chart courtesy of MarketWatch.com] Moving the markets After three days of pain for the markets, the major indexes finally found some reason to dig themselves out of a deep hole, as the MSM fearmongering about the alleged Russia-Ukraine conflict lost some credibility. From my viewpoint, this was nothing but a constructed crisis, which ran out of steam today, when the …
Digging A Hole And Scrambling Out Of It—Twice
[Chart courtesy of MarketWatch.com] Moving the markets As the chart above shows, Thursday’s and Friday’s dump-a-thon continued into today’s session, with the major indexes plunging in the red, staging a recovery, plunging again, and falling short in their last hour attempt to crawl above their respective unchanged lines. Relentless headline news fear mongering about increasing tensions between Russia and Ukraine …
ETF Tracker Newsletter For February 11, 2022
ETF Tracker StatSheet You can view the latest version here. WALKING BACK THE TOUGH TALK [Chart courtesy of MarketWatch.com] Moving the markets It’s been a wild ride during the past 24 hours, since yesterday’s horrific CPI release, which indicated that we now have the highest inflation in 40 years. Not helping the markets were subsequent comments by the Fed’s …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/10/2022
ETF Data updated through Thursday, February 10, 2022 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 …
When All Else Fails, Start A Rumor
[Chart courtesy of MarketWatch.com] Moving the markets Starting a rumor is always a good way to keep a rally from falling apart, especially prior to one of the most eagerly awaited announcements, namely tomorrow’s CPI. Such was the case last night when, according to ZH, JPM heard “whispers of CPI below expectations,” which gave the bulls a running start. That …
Bullish Nibbling
[Chart courtesy of MarketWatch.com] Moving the markets After several breakout attempts over the past two trading sessions, the market finally found some footing that served as a base for today’s last hour lift-a-thon and pushed the major higher without a late-day sell-off ruining another effort. For a change, the rally was broad and led by the Nasdaq with the Dow …