ETF Tracker StatSheet You can view the latest version here. RIDING A ROLLERCOASTER INTO THE WEEKED [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s drubbing, some sort of rebound was expected, and this is exactly what we got. However, an early 600-point gain in the Dow evaporated by mid-day with the major indexes briefly dipping into the red, …
Economic Reality Punishes Markets—Did The Bubble Burst?
[Chart courtesy of MarketWatch.com] Moving the markets The futures already had pointed to a weak opening, as traders, after digesting Fed head Powell’s news conference, despite being dovish in nature, saw more negatives than positives. Despite the recent bullish theme in the indexes, Powell admitted that not all is well under then hood of the economy. Additionally, reports covering some …
Dow Dumps And Nasdaq Pumps
[Chart courtesy of MarketWatch.com] Moving the markets It seemed like a tale of two markets with the Dow fluctuating wildly and ending at its lows of the day, while the Nasdaq never touched its unchanged line and powered back above its psychologically important 10k level, where it closed. That was an important milestone to reach, and it took some 50 …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a weak opening with equities taking a leg lower based on worries that the current historic rally has exceeded the economic recovery. This was not surprising news, but the real culprit causing some anxiety may have been the upcoming revelation of any policy adjustments to be made during …
Maintaining Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s upward momentum carried into this week with the major indexes relentlessly reaching for higher levels with the Nasdaq ending at a record high for the first time since February. If this any indication, the Dow and the S&P 500 are on track to follow suit. Obviously, traders consider the Fed’s actions of …
ETF Tracker Newsletter For June 5, 2020
ETF Tracker StatSheet You can view the latest version here. STARTING THE NEW “BUY” SIGNAL WITH A BANG [Chart courtesy of MarketWatch.com] Moving the markets The bulls came out swinging for the fences right after the opening bell, with the Dow surging over 1,000 points before settling for a gain of some +3.15% (829 points) supported by another giant …