[Chart courtesy of MarketWatch.com] Moving the markets The futures markets continued their rebound from yesterday into the regular session and recouped all of Friday’s losses. Propped up by Biden’s $1.9 trillion fiscal stimulus package, traders and algos alike shoved the markets higher with the major indexes never threatening to dip into the red. Helping the bullish mood was willingness by …
ETF Tracker Newsletter For January 15, 2021
ETF Tracker StatSheet You can view the latest version here. DUMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets The futures already painted bleak picture based on doubts whether Biden really would be able to pass its $1.9 Trillion stimulus package. Some see it as untenable, so the cash market took a dive at the opening. As …
Cooling Off
[Chart courtesy of MarketWatch.com] Moving the markets An early rally bit the dust during the last 2 trading hours with the major indexes surrendering early gains and dumping into the red. Given recent advances the drop was modest with the Dow and Nasdaq faring the best with a loss of -0.22% and -0.12% respectively. MidCaps and GLD hung around the …
In Rebound Mode
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s modest pullback, the major indexes continued to aimlessly vacillate around their respective unchanged lines throughout most of the session. A last hour push created enough upward momentum to assure a green close. The Nasdaq led the charge with a gain +0.28%, despite the FANGs tanking. But, as has been the case …
Stumbling Off The Highs
[Chart courtesy of MarketWatch.com] Moving the markets The futures market already indicated a negative bias with US equities and global stocks dropping off their record highs on Friday. A sense of caution dashed across trading desks, as questionable economic data, hopes for more stimulus, political turmoil and the continued barrage of Covid-19 cases combined to give the bears something to …
ETF Tracker Newsletter For January 08, 2021
ETF Tracker StatSheet You can view the latest version here. Preserving The Bullish Trend [Chart courtesy of MarketWatch.com] Moving the markets Yesterday, I talked about rising bond yields to be a potential equalizer to future market direction, and we saw some of it today. Stocks broke down a couple of times this morning, as the 10-year yield surged twice …