[Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen in the recent past, an early rally ran into overhead resistance, as prices slipped for the remainder of the session. However, the major indexes were able to close in the green by a fraction of a percent as the Dow scored another intra-day record. The turnaround …
Dow Scores 14th Record This Year; Smallcaps Collapse
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow managed to score not only a green close but also its 14th record of 2018, the S&P 500 and Nasdaq were the weaklings of the session and slipped slightly below their respective unchanged lines. In other parts of the world, the activity was more bearish as the China ETF FXI …
ETF Tracker Newsletter For September 28, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09-27-2018/ A Weak Close To A Positive Month [Chart courtesy of MarketWatch.com] Moving the markets The major indexes struggled to find some footing today, but in the end hugged the unchanged line after vacillating above and below it throughout the session. Geopolitical tensions from Italy were back in focus after the Italian coalition decided yesterday on an …
An Early ‘Hope’ Rally Runs Out Of Steam As Fed Hikes Rates
[Chart courtesy of MarketWatch.com] Moving the markets The Fed stepped up to the plate and delivered the 3rd 25 basis point interest rate hike this year, which was widely expected but hope for ‘accommodation’ still powered an early rally that ran out of steam once reality hit the markets. The major indexes reversed course, headed south and closed marginally in …
Aimless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets The markets diverged a little bit as the Dow and S&P 500 ended up in the red, while the Nasdaq bucked the trend and closed in the green. However, aimless meandering best describes today’s session with anxiety rising ahead of the Fed’s decision on interest rates tomorrow. Ignoring the continued trade tensions between …
US/China Trade Wars Back In Focus
[Chart courtesy of MarketWatch.com] Moving the markets If you followed the news over the weekend, you would have gotten a pretty good indication as to today’s market direction. Trade war talk made the headlines Saturday morning as Trump’s fresh round of tariffs caused a reaction from the Chinese, as they now refused to send two delegations to Washington while elaborating …