[Chart courtesy of MarketWatch.com] Moving the markets As I suggested yesterday, the Fed’s guidance on interest rates could push markets one way or another. That’s exactly what happened by stocks exploding higher, with the S&P 500 and Nasdaq having to crawl out of an early hole, after the Fed’s statement indicated more dovishness than expected. Postulated ZH: And since it …
Lackluster Meandering
[Chart courtesy of MarketWatch.com] Moving the markets “Uninspiring” best describes today’s session during which we saw the Nasdaq storming ahead of the other 2 major indexes by sporting early gains of more than 1%. Mid-day, the positive vibes stopped, and the Nasdaq suddenly plunged into the red but managed to crawl out of that hole and slightly into the green. …
Conquering An Early Tumble
[Chart courtesy of MarketWatch.com] Moving the markets An early pop was shadowed by a mid-day drop, which was then followed by one more pop in the indexes with the Dow scoring another record high as economic reopening optimism prevailed. The early plunge was the result of negative news from several European countries about blood blot concerns by vaccine developer AstraZeneca. …
ETF Tracker Newsletter For March 12, 2021
ETF Tracker StatSheet You can view the latest version here. RISING BOND YIELDS = SLIDING TECH SECTOR [Chart courtesy of MarketWatch.com] Moving the markets Again, it was the Nasdaq futures, falling as much as 2%, that predicted a sloppy opening of the regular session. That’s exactly what happened because bond yields spiked again, thereby taking the starch out of …
Tech Rules For The Day
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already pointed to higher prices for the Nasdaq, which had fallen as much as 12% last week before attempting a comeback. Today, it was the leader among the major indexes sporting +2.52%, while the Dow and S&P 500 lagged with gains of +0.58% and +1.04% respectively but both hit new …
Dow Hits Record—Nasdaq Shows Signs Of Fatigue
[Chart courtesy of MarketWatch.com] Moving the markets It was a tale of two markets again with the Dow ending in record territory, while the Nasdaq, after strong early gains, fell apart and closed slightly in the red. The S&P 500 closed +0.60%, but the larger gains occurred in the value sector, namely RPV with +2.25% and IJS with +2.33%; both …