[Chart courtesy of MarketWatch.com] 1. Moving the markets Equities managed a small rebound, after 2 days of modest losses kept the major indexes in check. Oil prices spiked as two oil tankers were damaged in suspected attacks off the coast of Iran, increasing tensions between Teheran and Washington. Of course, by default, no matter if it makes sense or not, …
Drifting Aimlessly
[Chart courtesy of MarketWatch.com] 1. Moving the markets Upward momentum was conspicuously absent during this session, which had stocks drift aimlessly lower, interrupted by the occasional bounce to nowhere. The major indexes followed yesterday’s theme by slipping moderately. On the menu was the Consumer Price Index (CPI), which showed prices advancing by an expected +0.1% in April, while the cost …
An Early Rally Stalls And Runs Out Of Steam
[Chart courtesy of MarketWatch.com] 1. Moving the markets Despite another positive start to the session, equities struggled, lost traction and slid into the red, with the major indexes hugging their respective unchanged lines and closing a tad below it. Powering the markets early on were reports from China announcing plans for fresh stimulus to keep their economy running. Hope among …
Trade Tensions Drop—Equities Pop
[Chart courtesy of MarketWatch.com] Moving the markets A quick end to the Mexican tariff saga helped the major indexes to follow through from Friday’s rally with the Nasdaq taking the lead, while the Dow ended higher for the 6th straight session. Upward momentum, however, hit a glass ceiling mid-day, and we faded into the close. However, not all is peaches …
ETF Tracker Newsletter For June 7, 2019
ETF Tracker StatSheet You can view the latest version here. BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets Never mind poor economic news such as a huge payroll miss, as only 75k new jobs were created during the month of May. That was against a consensus of 175k, so you would be thinking clearly had …
Keeping The Bullish Dream Alive
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early struggle for direction, bullish momentum picked up with the major indexes notching another day of gains making this the third winning session in a row. The trade battles with China and Mexico continued unabated but mixed news was put simply on the back burner. Traders decided to put their focus …