[Chart courtesy of MarketWatch.com] Moving the markets Momentum for equities shifted into overdrive supported by two events. First, Trump’s nominee to run the Federal Reserve, Jerome Powell, testified at a Senate confirmation hearing that “he expects to stay on the course” set by the current Fed chief Yellen. Obviously, these were words that traders wanted to hear and off to …
Dow Bucks The Trend As Upward Momentum Slips
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the major indexes stormed into record territory but succumbed mid-day and turned this session into a non-event with only the Dow clinging on to close in the green. Despite warnings about the market’s lengthy run without a meaningful correction, traders focused on technical factors supporting their bullish view …
ETF Tracker Newsletter For November 24, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/11/weekly-statsheet-etf-tracker-newsletter-updated-11222017/ CLOSING AT NEW ALL-TIME HIGHS [Chart courtesy of MarketWatch.com] Moving the markets Despite this being a Holiday shortened week, 2 of the 3 major indexes (S&P 500 and Nasdaq) managed to close at new records with the S&P booking a gain of +0.9% over the past 4 sessions. Retailers were obviously in focus, but the retail …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/22/2017
ETF Data updated through Wednesday, November 22, 2017 Methodology/Use of this StatSheet: From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International ETFs (section …
A Slow Pre-Holiday Session; Dollar Dumps And Gold Jumps
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes presented a mixed picture with the Dow and S&P 500 slightly dipping while the Nasdaq managed to eke out another record—although a tiny one. The Fed minutes surprised traders in that they were very dovish (lower rates) ignoring inflation concerns with some officials opposing near-term rate hikes. That came as …
Squeezing The Shorts: Major Indexes Advance Deeper Into Record Territory
[Chart courtesy of MarketWatch.com] Moving the markets Never mind the political crisis in Germany. European equities started the day rallying sharply and then handed the baton to the US giving domestic stocks the opportunity to run towards the finish line, which they did assisted by the VIX, which got hammered to 9 (from its recent high of 12). That allowed …