[Chart courtesy of MarketWatch.com] Moving the markets There was simply no hope at all for the bulls today, as we headed south right after the opening bell. Not helping the anxiety among traders were news that Trump was reluctant to sign a bill that would extend funding for the government to avoid a partial shutdown. That remark took the major …
Fed Hikes And Bulls Strike, As Markets Tank—Again
[Chart courtesy of MarketWatch.com] Moving the markets The Fed did not cave to recent public pressure exerted by politicians and Wall Street traders but stayed the course and hiked rates ¼%, while also predicting another possible two increases next year down from the previously announced three. While two is better than three, at least in the minds of traders, this …
Another Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets Today was a repeat of what we’ve seen a lot of lately. An early rally reversed mid-day, headed south below the unchanged line, but a last-minute bullish push shoved the major indexes back into the green, but only by a tiny margin. The walls of worry remain a deterioration in global growth and …
Markets Get Hammered—More Fireworks Ahead?
[Chart courtesy of MarketWatch.com] Moving the markets The Dow dropped some 300 points right after the opening but managed to recover and return to the unchanged line, before a massive selling bout sent it back down some 500 points. All 3 major indexes lost in excess of 2%. Intra-day, the S&P 500 took out its February low for the year …
ETFs On The Cutline – Updated Through 12/14/2018
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 December 14, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12-13-2018/ MARKETS ON EDGE: MAJOR INDEXES GET CLOBBERED AGAIN [Chart courtesy of MarketWatch.com] Moving the markets As hard as I tried, there was simply no news item to be found anywhere to support the cause for the bulls. US PMI plunged and confirmed a near-record streak of disappointing global data, US Manufacturing disappointed and has stagnated for …