ETF Tracker StatSheet You can view the latest version here. THE BULLISH BEAT GOES ON [Chart courtesy of MarketWatch.com] Moving the markets Last Friday’s market plunge is now being looked at as a vanishing point in the rearview mirror with stocks having picked up their bullish momentum and the S&P 500 rising to another record, while closing out its …
Trying To Hold Steady
[Chart courtesy of MarketWatch.com] Moving the markets While the major indexes were shooting for a 3rd winning day in a row, the session turned out to be sloppy one with only the Nasdaq closing in the green, while the Dow and S&P 500 danced around their respective unchanged lines. Both dove into the close and ended up with tiny losses. …
Staying The Course
[Chart courtesy of MarketWatch.com] Moving the markets Despite yesterday’s massive rebound, the markets did not waver but stayed the course and notched more gains. The S&P 500 was trying to get into record territory but fell short, while the Nasdaq showed more upside momentum and climbed to a new all-time high. The tech sector led Tuesday’s advance by a modest …
Back To The Bullish Beat
[Chart courtesy of MarketWatch.com] Moving the markets Ripping higher after the sound of today’s opening bell had barely faded was the meme for the day with the major indexes posting solid gains after last week’s Fed induced pullback. Dipping into the red early on was the Nasdaq, which recovered but lagged throughout the session. When all was said and done, …
ETF Tracker Newsletter For June 18, 2021
ETF Tracker StatSheet You can view the latest version here. THE FED HANGOVER CONTINUES [Chart courtesy of MarketWatch.com] Moving the markets The fact that the Fed’s announcement of higher rates possibly in 2023, some 2 years from now, caused such a disturbance in the financial markets, goes to clearly confirm the one thing I have been pounding on for …
Swinging Wildly
[Chart courtesy of MarketWatch.com] Moving the markets The morning, after the Fed’s announcement that it envisions two rate hikes in 2023, thereby subtly admitting that inflation may not be transitory, traders were shocked to see today’s market reaction, as this chart demonstrates. ZeroHege described it this way: Traders are watching in stunned amazement at what is going on in the …