ETF Tracker StatSheet You can view the latest version here. CRASHING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce along the green side of the unchanged line, reality set in, supported by the always unpredictable quad options expirations day, sending the markets reeling—again. The major indexes were hammered, with the S&P 500 getting …
Limping Higher
[Chart courtesy of MarketWatch.com] Moving the markets Last night, the futures fluctuated wildly with that theme continuing throughout today’s trading day with the major indexes swinging around their respective moving averages. It appears that traders tried to figure out the possible consequences of the all-out “kitchen sink” approach by the global central banks. It’s hard to keep track of all …
Equities Get Crushed—Dow Loses The 20,000 Level
[Chart courtesy of MarketWatch.com] Moving the markets So much for yesterday’s rebound of “hope,” which got annihilated, as the major indexes took another step down. At one point, the Dow even lost its 19k level, while the S&P dropped below 2.3k, but both were pushed back up thanks to a bounce off their lows during the past 30 minutes. Those …
Stimulus Hopes Pull Stocks Out Of The Doldrums
[Chart courtesy of MarketWatch.com] Moving the markets Equities managed a nice bounce today powered higher by news that the Trump administration asked for a $1 trillion fiscal stimulus package to mitigate the fallout effects from the coronavirus. News that the Fed moved to support the commercial paper market via providing short-term funding needs, also gave an assist and elevated sentiment. …
Fed Unloads Its Biggest Bazooka Ever—Markets Crash—Dow Plunges 3,000 Points
[Chart courtesy of MarketWatch.com] Moving the markets When I was watching the futures markets last night, I already knew that today would not be a good one to be in the markets. Despite the Fed unloading its biggest emergency bazooka ever, by announcing $700 billion in QE and a full 1% reduction in interest rates to “zero,” markets immediately went …
ETF Tracker Newsletter For March 13, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING A BRUTAL WEAK WITH A RELIEF RALLY [Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed to keep a rebound rally going after yesterday’s collapse. As I posted, during bear markets, you can witness violent upswings, but they don’t mean the bearish trend is over. Today, …