Another Bounce-Back Bites The Dust

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Friday’s rebound of hope found some support mid-session today, but suddenly lost steam and the major indexes headed back into the red except for the Dow, which eked out a small gain. It was another frustrating day for the bulls, with especially the Nasdaq getting hit hard again. Trading was choppy as concerns …

ETF Tracker Newsletter For May 13, 2022

Ulli ETF Tracker Contact

ETF Tracker StatSheet           You can view the latest version here. A LOSING WEEK ENDS ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets After many head fakes over the past few weeks, an early bounce found some staying power which, despite a mid-day pullback, had enough bullish support to propel the major indexes to a green close. …

Another Swan Dive

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets The pattern, that early ramps get wiped out during the session, has been occurring with such regularity, that we could conclude that they are merely dead-cat-bounces, i.e., hopeful leaps with no connection to reality. Today was no exception. The chart above clearly demonstrates that occurrence and here again, the major indexes got spanked, …

Aimless Chopping And Flopping

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets An early +500-point Dow relief rally died on the vine, as the index suddenly reversed course and dove into the red by -150 points before chopping and flopping around the unchanged line into the close. This marked the Dow’s 4th consecutive decline. The S&P 500 and Nasdaq followed a similar pattern but managed …

Barfing Into The Close

Ulli Market Commentary Contact

[Chart courtesy of MarketWatch.com] Moving the markets Not only did last week’s debacle continue this morning, but markets also took a sudden dive during the last hour of trading, with the S&P 500 breaching its psychologically important 4k marker to the downside to close slightly below it and at its lowest in 13 months. Again, this was a day with …

ETF Tracker Newsletter For May 6, 2022

Ulli ETF Tracker Contact

ETF Tracker StatSheet           You can view the latest version here. TROUNCING AND BOUNCING [Chart courtesy of MarketWatch.com] Moving the markets After the Dow dropped another 400 points to start the session, dip buyers stepped in and pushed the major indexes just above their unchanged lines. Giving an assist in this sudden turnaround, was Fed mouthpiece Kashkari by hinting that …