[Chart courtesy of MarketWatch.com] Moving the Markets It was one of the worst kept secrets on Wall Street: Traders prefer a Clinton victory. Yesterday’s rally continued today, although far more cautiously, as the investment community sees the former secretary of state as a status quo candidate, a much preferred choice. It implies that alleged stability in the markets, aka the …
Markets In Rally Mode Thanks To FBI Flip-Flop
[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 …