[Chart courtesy of MarketWatch.com] Moving the Markets After 9 straight losing sessions, the markets shifted into high gear right out of the starting blocks to stage the best rally in 8 months. The reason was that FBI chief Comey decided that he would not press criminal charges against Hillary Clinton after just having re-opened the case 9 days ago. This …
ETF Tracker Newsletter For November 4, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11032016/ ———————————————————— Market Commentary Major Indexes Post 9-Day Losing Streak; Domestic TTI Remains A Tad Below The Line [Chart courtesy of MarketWatch.com] Moving the Markets The markets meandered above the unchanged line for most of the day, giving the illusion of a rebound, but weakness set in towards the end of the session, and the indexes …
S&P Losing Streak Extends To 8 Days; Domestic TTI Slips A Tad Below Its Trend Line
[Chart courtesy of MarketWatch.com] Moving the Markets The market environment is getting shaky with the S&P now down 8 days in a row, which is the longest losing streak since Lehman collapsed in 2008. So, it’s no surprise that the volatility index (VIX) shared this dubious record by having rallied for 8 straight days, which is only the 3rd time …
Fed Can’t Save The Market From Sliding; Domestic TTI Inches Towards “Sell” Signal
[Chart courtesy of MarketWatch.com] Moving the Markets Even the Fed with their announcement of leaving interest rates unchanged could not prevent the major indexes from slipping for the 7th day in a row, which represents their longest losing streak in 5 years. However, when looking at the actual numbers it translates to a loss of only -2.5% for the S&P …
Slipping And Sliding Towards The Elections; Moving Closer to A Domestic Sell Signal
[Chart courtesy of MarketWatch.com] Moving the Markets Things looked dicey for a while as the major indexes headed south driven by mixed economic data, election-related news and concern over prospects for higher interest rates. The S&P 500 briefly touched the 2,099 level before bouncing higher as a modest afternoon rebound limited today’s losses. Today’s close was the lowest since July …
Major Indexes Flat Among Election Doubts
[Chart courtesy of MarketWatch.com] Moving the Markets You could consider this a “non-day” as the major indexes vacillated predominantly above their unchanged lines but ended up as close to zero losses as you can get. Fallout from Friday’s disclosure by the FBI about resuming the probe into Hillary’s use of an unauthorized email system shifted into high gear and caused …