[Chart courtesy of MarketWatch.com] Moving the markets An early rebound hit a brick wall, as this month/quarter turned out to be nothing but misery for the buy-and-hold crowd. To wit, during March, the major indexes lost big time with the S&P 500 plunging -12.5% vs. 0% for those who followed my trend tracking guidelines, which called for “all cash” effective …
Quarter-End Rebalancing Props Up Markets
[Chart courtesy of MarketWatch.com] Moving the markets Despite Trump’s announcement Sunday night that he had extended the social distancing guidelines through April 30th, which translates into a continued shutdown of food, entertainment and other service industries, you would not know it by today’s market reaction. After a sight opening dip, the bullish theme was maintained, and the major indexes were …
ETF Tracker Newsletter For March 27, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING THE WEEK ON A SOUR NOTE [Chart courtesy of MarketWatch.com] Moving the markets After trying to dig themselves out of an early hole, the major indexes dove into the close and just about touched the lows of the day again, caused by the Fed’s announcement that it will …
Surfing The Stimulus Wave; Who Is That Elephant In The Room?
[Chart courtesy of MarketWatch.com] Moving the markets Looking at today’s news headlines, you would think we’re back to last year’s theme of “bad news is good news” for the markets. Here’s a sample of what we faced today: More Than 500k Covid-19 Cases Diagnosed Worldwide: “From 0 to 250,000 cases in 4 months. From 250,000 cases to 500,000 cases: 1 …
A Tug Of War: Fiscal Stimulus Plan Vs. Corona Virus Fears
[Chart courtesy of MarketWatch.com] Moving the markets Another strong rally lost half of its early gains late in the session, as the upbeat mood waned with some chart watchers confirming what I said yesterday, namely that big rebounds are not necessarily a sign that a bottom has been formed. More importantly, the indexes plunged into the close based on news …
Hope For A Fiscal Rescue Package Rescues Equities
[Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed a solid comeback by using nothing but hope for a $2.5 trillion stimulus package as a springboard with the Dow scoring its best percentage gain (11%+) since 1933. However, history throws a shadow on that event, if you look at this chart and become aware of what happened afterwards. …