[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 …
Ramping Higher In The Face Of Plunging Oil Prices
[Chart courtesy of MarketWatch.com] Moving the markets Equities started the session in the positive, before a mid-day pullback interrupted follow through buying from yesterday. The pause was short-lived and, despite conflicting economic data, the bulls charged ahead with the major indexes closing around their session highs, despite yesterday’s short squeeze running out of ammo. ADP payroll data painted a bleak …
China And Fed Please Markets
[Chart courtesy of MarketWatch.com] Moving the markets A couple of positive developments combined forces to help the market crawl out of a hole and ramp higher after the miserable month of May. The major indexes gained above 2%. Getting things started right at the opening were these conciliatory words from China in regards to the recent trade war escalation: CHINA …