[Chart courtesy of MarketWatch.com] Moving the markets After an early meandering around their respective unchanged lines, the major indexes took a sudden steep dive and quickly red numbers spread across traders’ computer screens. The scramble to find the culprit was on. Turns out that news by the India press that US-China trade negotiations had hit a brick wall, and thereby …
Fed Does Not Cave To White House Demands — Holds Rates Steady, Disappoints Markets
[Chart courtesy of MarketWatch.com] Moving the markets The session started with the major indexes edging higher, that is until the Fed came out stating that current “policy is appropriate with no bias to hike or cut.” Powell further elaborated that U.S. inflation is “possibly being dragged down by ‘transitory’ forces” and that their current stance is “appropriate right now” and …
An Early Struggle Followed By A Late Rebound
[Chart courtesy of MarketWatch.com] Moving the markets A sudden mid-morning drop pulled the major indexes further south, after an already weak opening caused by Google’s poor report card, which showed that revenue growth cooled off in Q1 and all major sales categories performed worse than projected. The punishment was immediate with the stock price being down some 8%. Not helping …
A Green Monday
[Chart courtesy of MarketWatch.com] Moving the markets While the major indexes closed in the green to start the week, the gains were minor despite the Nasdaq scoring back to back record closes. The S&P 500 managed to notch a new intra-day high but slipped into the close barely finding support above the unchanged line. The index has now reached an …
ETFs On The Cutline – Updated Through 04/26/2019
Below, please find the latest High-Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39-week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 322 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For April 26, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/04/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-04-25-2019/ Q1 GDP Blows Through Expectations [Chart courtesy of MarketWatch.com] Moving the markets The Q1 GDP number blew through expectations by soaring 3.2% annualized, which was some 50% higher than the 2.3% forecast. However, when looking under the hood, analysts realized that one-time items such as a surge in inventories and a smaller trade deficit are simply …