[Chart courtesy of MarketWatch.com] Moving the Markets An early rally attempt lost steam again late in the session with today’s spoiler being Secretary of State Tillerson, who took center stage and reversed his view from last week that the US had no interest in removing the Syrian president to now beating the war drums and announcing “that steps are underway …
Fed Spooks Wall Street And Reverses Morning Rally
[Chart courtesy of MarketWatch.com] Moving the Markets As the chart above shows, a morning rally got derailed in a hurry with the major indexes ending the session to the downside. A positive ADP report got things started in a northerly direction with the S&P 500 knocking on the 2,400 level. Data showed that 263,000 workers were added in March, which …
Another Successful Dump And Pump
[Chart courtesy of MarketWatch.com] Moving the Markets In a repeat from yesterday, the early market dump gave way to the usual pump to ensure that the major indexes closed in the green as it appeared that the BTD (Buy the Dip) crowd was out in full force. The Dow managed to kiss its 50-day M/A for the second day in …
Grinding Back To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets Two things pulled the rug out from early positive momentum at the opening. One, disappointing March auto sales, which should not have come as a surprise given the gigantic slip in retail sales including some 3,500 announced store closings, and two, the topic I have been pounding on lately, namely that questions about …
ETFs On The Cutline – Updated Through 03/31/2017
Below please find the latest High Volume ETFs 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 366 High Volume ETFs ETFs, defined as those with an average daily volume of more than …
ETF Tracker Newsletter For March 31, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18736&preview=true A Great Quarter Ends With A Whimper [Chart courtesy of MarketWatch.com] Moving the Markets While it was a great quarter for the indexes, it ended with a whimper as equities could not sustain the upward momentum into the close. Most of the gains were made in January and February while March was a non-event month for …