ETF Tracker StatSheet https://theetfbully.com/2017/08/weekly-statsheet-etf-tracker-newsletter-updated-08102017/ BOUNCING OFF THE BOTTOM [Chart courtesy of MarketWatch.com] Moving the Markets We saw a little bit of a recovery, after yesterday’s shakeout caused by N. Korea jitters, with the major indexes clawing back to close above the unchanged line. The gains were tiny but at least the Nasdaq had a solid showing with +0.64%; Semiconductors did …
Market Sentiment Turns Jittery
[Chart courtesy of MarketWatch.com] Moving the Markets For the second day, market nervousness prevailed, as concerns ahead of the UK general election, uncertainties about ex-FBI chief Comey’s upcoming testimony to the Senate, along with a Thursday ECB policy meeting, kept the major indexes subdued and stuck below their respective unchanged lines. However, as was the case yesterday, the pullback was …
Geopolitical Uncertainty Supports Gold
[Chart courtesy of MarketWatch.com] Moving the Markets As saber rattling continues to be the topic du jour, it’s no surprise that gold has been the main beneficiary by not just being the leader YTD for 2017, but also finally conquering its 5-month glass ceiling, namely its 200-day M/A. We’ll have to wait and see if current momentum can propel gold …
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 …
Financials Provide A Last Minute Boost
[Chart courtesy of MarketWatch.com] Moving the Markets It’s been no secret that the post-election rally hit a speed bump with the S&P 500 having moved within a 4 point range, on a closing basis, for the past 2 weeks. Anxiety continues to prevail as to whether Trump can really deliver on his campaign promises. Retail shares were the anchor weighing …
The Fed Blinks: Holds Rate Hike At Bay
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite talking out of both sides of its mouth for weeks, the Federal Reserve announced at the close of its meeting today that it would keep interest rates unchanged. While commenting on the matter though, Yellen said a July hike “is not impossible,” suggesting that strong job growth in June and substantial upward revisions …