From Relief Rally To Bloodbath

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[Chart courtesy of MarketWatch.com] Moving the markets Today’s bloodbath in equities makes yesterday’s “rebound of hope” look like a dead cat bounce, as dip buyers were not to be found anywhere. “Stunning” best describes this sudden reversal, which erased yesterday’s profits and then some. With the Dow tumbling over 1,000 points, domestic equities notched their worst day of the year …

Waiting For The Fed

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[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering best describes today’s session during which rally attempts were rebuffed with the major indexes dropping, bouncing off their respective unchanged lines and ending up moderately in the green. Ahead of the Fed’s decision on interest rates tomorrow, the market environment was one of nervousness with the tug-of-war continuing between those traders …

Dropping And Popping

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[Chart courtesy of MarketWatch.com] Moving the markets Last week’s downtrend continued during the first trading session of May, as the Dow stumbled some 400 points early on, but a last hour rebound pulled the major indexes out of the doldrums and back into the green. The S&P 500 fell to new lows for the year, which is viewed as a …

ETF Tracker Newsletter For April 29, 2022

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ETF Tracker StatSheet           You can view the latest version here. RED APRIL [Chart courtesy of MarketWatch.com] Moving the markets Despite the shocking negative first quarter GDP reading of -1.4% (annually), the markets managed to string together a MegaLiftathon on Thursday, but today’s reality check pulled the indexes back down below where they started yesterday. So much for buying the …

A Dead-Cat Bounce Loses Its Bounce—Twice

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[Chart courtesy of MarketWatch.com] Moving the markets Despite dip buyers stepping in this morning, to take advantage of lower prices caused by yesterday’s drubbing, the effort peaked mid-day, after which the selling resumed with the major indexes ending up only a tad above their respective unchanged lines. The Nasdaq has now dropped some 12% in April, which is its worst …