[Chart courtesy of MarketWatch.com] Moving the markets It comes as no surprise that after last week’s market drubbing, a rebound of some sort was in order. One analyst quipped by posting the question: Can a cat with a coronavirus bounce? At least for right now, it seems that way, as the major indexes, motivated and supported by the Bank of …
ETF Tracker Newsletter For February 28, 2020
ETF Tracker StatSheet You can view the latest version here. A BLOODBATH WEEK [Chart courtesy of MarketWatch.com] Moving the markets I thought that after the drubbing of the past few days, with us getting out of the market altogether, that a rebound might finally be in order. But no such luck, as the Dow continued swan diving by being …
Dow Surrenders An Early 400-Point Gain—Domestic TTI Goes Negative
[Chart courtesy of MarketWatch.com] Moving the markets The sudden turnaround in then markets kept me from liquidating those holdings that had come close to their trailing sell stops. It’s a known fact that sharp market drops can be followed by violent rebounds, which we saw early in the session. The only problem was that this move had the smell of …
Markets Continue The Path Of Least Resistance—Down
[Chart courtesy of MarketWatch.com] Moving the markets For those hoping for a turnaround Tuesday, it did not happen, as virus headwinds continued to spread around the world. An early rebound proved to be meaningless with the downward trend remaining intact. Internationally, it was worse than domestically, with our International TTI diving below its long-term trend line by a margin large …
Coronavirus Infects Markets
[Chart courtesy of MarketWatch.com] Moving the markets World markets joined in unison by selling off with weekend news about the coronavirus continuing worries that global economies will not escape unscathed and take a hit of unknown proportions. Sure, news media and markets tend to overreact, but the negative virus effects can’t be denied, as the struggle with containment policies and …
ETF Tracker Newsletter For February 21, 2020
ETF Tracker StatSheet You can view the latest version here. SLIDING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets More downside momentum emerged this morning, as the coronavirus fallout continues with traders finally realizing that consumer and producer sentiment has been crippled, and that even the almighty the Fed can’t just simply reboot things by printing a …