[Chart courtesy of MarketWatch.com] Moving the markets The day started with another rollercoaster ride, as equity futures first plunged, along with markets in China and Europe, but a sudden U-turn, due to changing sentiment, started the ramp-a-thon, even though the scheduled Fed’s rate hike tomorrow represents the uncertainty on deck. As a result, and despite the bear’s relentless efforts …
Another “Hope” Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen recently with almost regular frequency, early rallies suddenly reversed, got wiped out and turned into losses. Today was no exception when a 300-point surge in the Dow hit the skids, and south we went. The Nasdaq took the biggest hit with a -2.04% loss. Oil, commodities, and gold gave back …
ETF Tracker Newsletter For March 11, 2022
ETF Tracker StatSheet You can view the latest version here. REALITY DOMINATES OPTIMISM [Chart courtesy of MarketWatch.com] Moving the markets Optimistic traders, who followed the latest firehose of news headlines and pushed the major indexes higher at the opening, had to face reality eventually, because actual happenings erased the early enthusiasm. Not helping matters was the fact that the …
Swinging Wildly
[Chart courtesy of MarketWatch.com] Moving the markets Another crazy day on Wall Street had equities swinging wildly, although with reduced magnitude. In the end, the major indexes crawled back but failed to reach their respective unchanged lines. Every directional turn appears to be headline driven, as the bulls and bears continue to slug it out. Failed peace talks between Russia …
Equities Thrive—Oil And Commodities Dive
[Chart courtesy of MarketWatch.com] Moving the markets It had to happen eventually, and today was the day. After 4 days of taking a beating, equities finally found a reason to rally, as questionable as it may turn out to be. One analyst linked it to the adage “buy the rumor, sell the fact,” but in this case it turned into …
Another Wild Ride On A Bucking Bronco
[Chart courtesy of MarketWatch.com] Moving the markets Sometimes you just simply must step back and watch in awe how current markets trade like a penny stock when it comes to volatility. Yesterday, equities were simply spanked all day, which continued this morning as the Dow sank some 200 points and bounced around below its unchanged line. A sudden burst of …