[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 …
Uncertainty Reigns
[Chart courtesy of MarketWatch.com] Moving the markets In an almost identical performance to Friday, the major indexes hugged their respective unchanged lines, before a mid-day breakout catapulted all 3 of them out of the red and into green. Unfortunately, that bullish move did not hold, and we gagged into the close thus giving the bears the upper hand—again. The sell-off …
ETF Tracker Newsletter For February 4, 2022
ETF Tracker StatSheet You can view the latest version here. Please note that due to a database error, I was not able to update this week’s StatSheet. I hope to have that issue resolved by next Thursday. CHOPPING AND FLOPPING BUT GAINING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Another wild week on Wall Street had …
Bulls Are Winning The Tug-Of-War—So Far
[Chart courtesy of MarketWatch.com] Moving the markets Another hard-fought battle for superiority at the unchanged line was won by the bulls today. After spending the first half of the session aimlessly meandering, the major indexes found some footing, and up we went. The gains were modest, but broad, nonetheless. As I posted yesterday, “bad news is good news,” which was …
Battling For Direction
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes meandered for most of the day looking for direction and found it during the last hour, as the attempt to climb back from January’s sell-off continued. Traders’ focus seemed to have suddenly changed from the Fed towards the earnings season and those companies’ beating expectations while issuing improved forward guidance. …