[Chart courtesy of MarketWatch.com] Moving the markets President Trump set the tone early on for today’s rally by suggesting that “today will be a good day in the stock market,” and just in case the computer algos missed his prediction, he created more excitement via his remark that “the China deal is moving forward ahead of schedule.” Of course, we …
ETF Tracker Newsletter For October 25, 2019
ETF Tracker StatSheet You can view the latest version here. SCRAMBLING AND TOUCHING NEW ALL-TIME HIGHS [Chart courtesy of MarketWatch.com] Moving the markets The hope that Amazon’s earnings report would provide the firepower to propel the markets into record territory proved to be false, as the behemoth showed its first profit drop in two years, causing its stock to …
Chopping Around Key Technical Levels
[Chart courtesy of MarketWatch.com] Moving the markets Despite disappointing results from Boeing and Caterpillar, the markets managed an early ramp higher but were not able to sustain it, as a slow deterioration of upward momentum pulled the major indexes back below the unchanged line. Traders had one eye on the Brexit developments, where the latest parliamentary vote eased concerns about …
Touching The Glass Ceiling—And Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets It sure was a day consisting of mixed reports and, as much as I searched, I could not find a reason that might have supported the early rally. Of course, the latest earnings reports took center stage, but it seemed the disappointing results from McDonalds, Travelers and UPS were overpowering the positive ones. …
ETF Tracker Newsletter For October 18, 2019
ETF Tracker StatSheet You can view the latest version here. GLOBAL GROWTH FEARS STOP BULLISH MOMENTUM [Chart courtesy of MarketWatch.com] Moving the markets This is an early and short version of Friday’s commentary, since I will be tied up this afternoon. The markets are still open and will be for another 3.5 hours. We saw early weakness in part …
S&P 500 Struggles With The 3,000 Level—Brexit Deal Looms
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes edged higher early on, as the S&P500 fought hard to reclaim its 3,000-milestone marker. The index fluctuated all day slightly around that level but ended up slightly below it. Helping the bullish enthusiasm were news of a potential Brexit deal, which turned out to be more of a rumor than …