[Chart courtesy of MarketWatch.com] Moving the markets The futures market already indicated a negative bias with US equities and global stocks dropping off their record highs on Friday. A sense of caution dashed across trading desks, as questionable economic data, hopes for more stimulus, political turmoil and the continued barrage of Covid-19 cases combined to give the bears something to …
ETF Tracker Newsletter For January 08, 2021
ETF Tracker StatSheet You can view the latest version here. Preserving The Bullish Trend [Chart courtesy of MarketWatch.com] Moving the markets Yesterday, I talked about rising bond yields to be a potential equalizer to future market direction, and we saw some of it today. Stocks broke down a couple of times this morning, as the 10-year yield surged twice …
Focusing On The Coming Stimulus Bonanza
[Chart courtesy of MarketWatch.com] Moving the markets The mood today was up, up, and away with hardly any intra-day corrections. An early jump set the major indexes on track for smooth sailing throughout the session with all of them ending in record territory. Traders decided that after the roller coaster ride of the past few days, and the political tug-of-war …
Maintaining The Bullish Theme
[Chart courtesy of MarketWatch.com] Moving the markets Following the Georgia run-off elections, which are favoring the Democrats, the markets were in a split mode with bond yields and SmallCaps surging, even though the US Dollar and the tech sector were stumbling. Gold did its best imitation of a swan dive and gave up its YTD gains. It’s widely assumed that, …
Finding Support
[Chart courtesy of MarketWatch.com] Moving the markets Even though the futures markets were mired in uncertainty and failed to rebound from Monday’s collapse, it was a different story once the cash markets opened. The major indexes found some footing, dipped mid-day, but then staged a rebound that ended up in a green close. As posted yesterday, the looming Georgia runoffs …
Welcoming 2021 With A Pump And Dump
[Chart courtesy of MarketWatch.com] Moving the markets After touching new all-time highs (Dow and S&P) shortly after the opening, the bullish euphoria vanished in a hurry and made room for the bears to do some chest pounding for a change with the Dow down over 700 points at its worst level. However, given the strong advances last month, this sell-off …