ETF Tracker StatSheet https://theetfbully.com/2018/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-24-2018/ CRUDE OIL TUMBLES AND MAJOR INDEXES SLIP [Chart courtesy of MarketWatch.com] Moving the markets Crude oil took a dive today (-4.5%) as reports that OPEC, along with other major players in this arena, may increase production by as much as $1 million barrels a day. The energy sector followed suit with XLE dropping -2.6% for the …
Equities Dive And Thrive
[Chart courtesy of MarketWatch.com] Moving the markets The Major Indexes took a steep dive right after the opening bell caused by geopolitical concerns, as President Trump canceled the widely anticipated summit with N. Korea’s Kim Jong Un. The reason given was alleged “open hostility” from the country. Not helping matters was weakness in the energy sector (-1.7%) and in financials …
Early Slide Followed By A Late Ramp
[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the major indexes were aimlessly meandering below their respective unchanged lines waiting for the release of the Fed minutes in anticipation of possible changes to interest rate policy. In a sense, that wait was rewarded as markets interpreted the FOMC minutes as “dovish” meaning that rate hikes may …
Trade Wars: Optimism Gives Way To Pessimism; Major Indexes Sink
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally, which was entirely powered by hope for a U.S./China trade resolution, came under pressure today, after an early follow through ramp petered out in the afternoon with the major indexes heading straight south into the red scoring modest losses. Pessimism replaced optimism as uncertainties over trade policy and geopolitical issues took …
Easing Trade War Fears Power Markets
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the major indexes jumped and remained firmly entrenched above the unchanged line for the entire session gaining solidly across the board. Causing this euphoria was hope that the U.S./China trade animosities and rhetoric finally softened after weekend news that the Trump administration would delay implementation of tariffs on …
ETF Tracker Newsletter For May 18, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-17-2018/ MAJOR INDEXES RETREAT FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets The primary direction for the major indexes this week was sideways to down. The Dow and S&P gave back -0.5%, their third weekly declines of the past four, while the Nasdaq sank -0.7%. The more dramatic action happened in Italy and the Emerging …