[Chart courtesy of MarketWatch.com] This is just a brief summary of today’s events, since I am down with a head cold. Downward momentum picked up speed again today, after yesterday’s reprieve, with the major indexes plunging over 4.5% for the week, which was its worst weekly decline since March. Despite the trade truce, Fed dovishness, and Canada cutting oil …
ETF Tracker Newsletter For November 30, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-29-2018/ WHEN FOMO REPLACES FEAR [Chart courtesy of MarketWatch.com] Moving the markets The computer algos had a field day and drove the markets higher based on the assumption that “something could maybe possibly happen” when Trump and Xi meet for dinner this weekend. That sparked a buying panic based on FOMO (Fear Of Missing Out), which put …
ETF Tracker Newsletter For November 23, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-21-2018/ THE WORST THANKSGIVING WEEK IN 7 YEARS [Chart courtesy of MarketWatch.com] Moving the markets Despite an early rally attempt based on hope that “black Friday” would do wonders for the retail sector, the gains could not be sustained, and the major indexes plunged into the close during this Holiday shortened session. In the end, things continued …
ETF Tracker Newsletter For November 16, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-15-2018/ A Down Week Ends On A Positive Note [Chart courtesy of MarketWatch.com] Moving the markets The major indexes see-sawed throughout the session swinging above and below their respective unchanged lines but closing in the green in the end. The exception being the Nasdaq, which ended up slightly in the red but much improved from earlier levels. …
ETF Tracker Newsletter For November 9, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-08-2018/ A Good Week Ends On A Sour Note [Chart courtesy of MarketWatch.com] Moving the markets It was another roller-coaster week, with the major indexes gaining, thanks to Wednesday’s super ramp, but some reality sat in the last couple of days and pulled the major indexes off their lofty levels. Today’s drop started when Trump’s main China …
ETF Tracker Newsletter For November 2, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-01-2018/ Trump Saves The Day For The Bulls [Chart courtesy of MarketWatch.com] Moving the markets Sometimes you just have to laugh. The markets were in a downswing for most of the day mainly as a result of two events. First, Apple’s earnings report card, while not bad, disappointed with especially their forward guidance not being very encouraging …