[Chart courtesy of MarketWatch.com] Moving the markets The markets bounced around aimlessly all day, with the Nasdaq scoring a new intra-day all-time high early on, despite deteriorating earnings, which apparently was more than traders could handle, and the index headed south for no apparent reason. The Dow and the S&P 500 joined the slide, but only the Dow managed to …
Rocketing Higher—New Domestic “Buy” Signal Generated
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s levitation continued right after the opening bell with the major indexes storming ahead unabated. Today’s driver were improved ADP employment data, which solidly beat expectations. They remain negative but show a massive improvement from the prior month. Even crashing April factory orders, by the most in some 10 years, could not offset …
Riots And Destruction—Stocks Rally
[Chart courtesy of MarketWatch.com] Moving the markets Today’s market theme was the same one like yesterday with traders focusing on easing Covid-19 lockdowns, while the ever-increasing civil unrest and riots were again ignored. Destroyed businesses and subsequent curfews certainly will impact an economy under stress, especially one that is trying to slowly re-open and is now threatened again with new …
Optimism Rules
[Chart courtesy of MarketWatch.com] Moving the markets The futures started on a rollercoaster ride with a sharp opening drop being followed by a rebound, which was followed by a decline and then another bounce back, as this chart shows. The regular session showed much less volatility when, after a weak start, bullish momentum appeared, and a slow but consistent ascent …
ETF Tracker Newsletter For May 29, 2020
ETF Tracker StatSheet You can view the latest version here. TRUMP PLEASES MARKETS [Chart courtesy of MarketWatch.com] Moving the markets Nervousness prevailed in the markets with the major indexes sliding, as the world waited with bated breath for Trump’s remarks on potential actions to be taken against China’s ‘violations.’ His highly anticipated news conference came and went, but it …
Markets Take A U-Turn Into The Red
[Chart courtesy of MarketWatch.com] Moving the markets A follow-through rally ran into a brick wall, took a U-turn, and headed south with the major indexes being pulled off their lofty levels and below their respective unchanged lines. The early burst higher was based on hope that the worst economic damage is now in the past with shutdowns continuing to ease. …