[Chart courtesy of MarketWatch.com] Moving the markets An early bounce gave way to selling with the S&P 500 touching its hard fought 2,800 level, before bullish sentiment prevailed and pulled all 3 major indexes out of the doldrums and into a green close. Nevertheless, it was a choppy session with support coming from the dangling trade carrot which, on many …
Bears Trump Bulls
[Chart courtesy of MarketWatch.com] Moving the markets While the major indexes opened in the green, the time spent above their respective unchanged lines was cut short, as sellers took charge and drove equities straight south supported by lower global growth expectations. As luck would have it, things turned around mid-day, as we’ve seen many times before, and a slow but …
Optimism Helps Equities Rebound Despite Poor Econ Data
[Chart courtesy of MarketWatch.com] Moving the markets A sharp early jump in equity prices, thanks to another short squeeze, proved to be too optimistic to have staying power, so we spent the rest of the session drifting off the intraday highs. For a while it looked as if we were going to slide into the red, but thanks to sudden …
ETF Tracker Newsletter For March 22, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-21-2019/ WEEK ENDS WITH REALITY CHECK [Chart courtesy of MarketWatch.com] Moving the markets Reality made its way into the stock market with the major indexes plunging at first then staging a mid-day comeback only to dump again and close at the lows of the session. As I pointed out yesterday, the Fed’s extreme dovish stance, along with …
The Morning After: Fed’s Softened Rate Outlook Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets The fallout from the Fed’s soft outlook on interest rates was, so far, overwhelmingly positive with the bulls grabbing the baton and storming deeper into bullish territory. While the idea that no rate hikes on the horizon for 2019 stoked equity investors, worries kept creeping up that this was just a function of …
Fed Outlook Temporarily Lifts Equities, But Gains Fade Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets After an early dump, the markets stabilized mid-session, after the Fed softened its rate outlook and opined positively on the state of the economy. Some analysts likened the Fed’s statement to “folding like a cheap lawn chair,” as it dramatically slashed its stance on interest rates. It seems, at least for the time …