[Chart courtesy of MarketWatch.com] Moving the markets One look at the chart tells the story. An early rebound failed miserably with the S&P 500 dipping back into the red, then recovering and closing at the early high of the session. All eyes are now on the 200-day M/A, which today acted as overhead resistance. At 2,742 we are only some …
Tech Leads The Way And Posts Solid Gains
[Chart courtesy of MarketWatch.com] Moving the markets Despite a slow start, the major indexes picked up some steam and closed higher with technology leading the charge as the Nasdaq added +1.15%. Assisting the advance was a positive view of Alphabet’s (Google) upcoming quarterly report card and another round of earnings by some 97 members of the S&P 500. The markets …
ETF Tracker Newsletter For February 2, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01-31-2019/ Up For The Week But Running Out Of Steam For The Day [Chart courtesy of MarketWatch.com] Moving the markets Choppy and sloppy best describes the last trading day, a week during which the major indexes gained but ran out of steam, as an early rally faded into the close with the Dow coming off the high …
The Fed Pump Continues
[Chart courtesy of MarketWatch.com] Moving the markets You could almost feel the giddiness of the Wall Street traders after Fed head Powell’s signal yesterday that interest rate hikes are on pause. He then surprised the markets with a separate statement indicating that a further unwind of its $4 trillion asset portfolio could end sooner than expected adding that market turbulence …
The Fed Surrenders; Markets Love It
[Chart courtesy of MarketWatch.com] Moving the markets The markets jumped right after the opening bell powered by Boeing’s earnings and better-than-expected results from Apple and Advanced Micro Devices (AMD). However, to put this in proper perspective, only 3 stocks (Boeing, Apple, McDonald’s) are accounting for 250 points in the Dow’s advance. It’s not that the technology darlings showed a superior …
Struggling For Direction While Waiting For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets Not even poor earnings by Harley-Davidson, which dropped some 5%, as well as a collapse in consumer sentiment, with both current and future expectations plunging, could get the attention of Wall Street Traders. As a result, the major indexes struggled for direction with the Dow eking out a small gain, while the Nasdaq …