[Chart courtesy of MarketWatch.com] Moving the markets Despite early weakness, the Dow managed a nice turnaround by coming back from a 240 point deficit to a 200-point gain. Boeing was the company that kept the Dow in check, after it fell some -6.5% caused by the second deadly airline crash in six months involving the 737 Max 8 planes. The …
ETF Tracker Newsletter For March 8, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-07-2019/ ABYSMAL JOBS REPORT SENDS EQUITIES LOWER [Chart courtesy of MarketWatch.com] Moving the markets Today, it was a dismal jobs number that put equity markets on the defensive, as an ‘ugly’ payroll report showed that only 20k jobs were generated during February. It was filed in the “just bad enough” category that even computer algos did not …
Global Growth Fears Smack Equities
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, equities hit the skids with the Dow dropping some 300 points before finding some footing. Causing this upheaval was the European Central Bank’s (ECB) Draghi, who unveiled a massive monetary easing program and an extended NIRP (Negative Interest Rates) period. While that should have been a positive for …
Trade Optimism Slips—Equities Follow Suit
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes were unable to touch the plus side of the unchanged line, as the historic Christmas rebound struggled for the second day with the S&P 500 not being able to decisively cross above its apparent glass ceiling, namely the 2,800 level. Global markets slipped as well with investors waiting for new …
Clinging To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering probably best describes today’s session during which traders looked in vain for catalysts to establish market direction. There were none, so we bounced around the unchanged line in a narrow range, as neither bulls nor bears could find some footing. In the end, the major indexes closed slightly in the red; …
Losing Support And Dumping Into The Red
[Chart courtesy of MarketWatch.com] Moving the markets Sure, eventually there had to be a market pullback, as only hype and euphoria surrounded the U.S.-China trade talks with hard evidence of progress still seeming to be nebulous. This is what we saw today, as optimism about a concrete resolution simply faded. An early rally vanished in a hurry with the Dow …