ETF Tracker StatSheet You can view the latest version here. RED APRIL [Chart courtesy of MarketWatch.com] Moving the markets Despite the shocking negative first quarter GDP reading of -1.4% (annually), the markets managed to string together a MegaLiftathon on Thursday, but today’s reality check pulled the indexes back down below where they started yesterday. So much for buying the …
A Dead-Cat Bounce Loses Its Bounce—Twice
[Chart courtesy of MarketWatch.com] Moving the markets Despite dip buyers stepping in this morning, to take advantage of lower prices caused by yesterday’s drubbing, the effort peaked mid-day, after which the selling resumed with the major indexes ending up only a tad above their respective unchanged lines. The Nasdaq has now dropped some 12% in April, which is its worst …
The Puke-A-Thon Continues
[Chart courtesy of MarketWatch.com] Moving the markets The Nasdaq sustained its recent weakness and plunged some 4% in part due to increasing anxiety ahead of the quarterly earnings reports from the big players like Microsoft and Alphabet (Google) due out this afternoon. The recent Netflix blow-up is still on every trader’s mind. However, today’s weakness was also assisted by the …
Fighting Back…And Succeeding
[Chart courtesy of MarketWatch.com] Moving the markets Another early sell off pulled the Dow down by some 400 points, as a one-two punch hit the US markets. Global fears about an economic slowdown loomed large, leading to a slump in Chinese stocks, which pulled energy, commodities, and precious metals off their recent highs—along with all US equities. As a result, …
ETF Tracker Newsletter For April 22, 2022
ETF Tracker StatSheet You can view the latest version here. PUKING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s pump and dump session, during which the Dow jumped to a 300-point lead early on, only to see those gains wiped out, with the index closing with a loss of almost 370 points. That bearish momentum …
Signs Of Lethargy
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow continued to pump all day, the other two major indexes did not find a driver to participate in the ramp-a-thon and ended the session in the red. The S&P 500 closed just about unchanged while the Nasdaq surrendered 1.22%. The Nasdaq had been struggling all day, which was the result …