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 …
Rising Bond Yields Keep Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets An early rally lost steam with the major indexes heading south and closing slightly in the red. It was mixed picture as weakness in the tech arena could not be offset by advancing energy shares and continued strength in SmallCaps (+0.48%). Rising bond yields affected the defensive sectors like utilities (-0.9%) and real …
Poor Economic Data—Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets When weak data points appear, one way to deal with them is to simply ignore them. That’s what traders did today, as Housing Starts and Permits tumbled in April (-3.7% MoM and -1.78% MoM respectively), although March permits were revised upwards from +1.9% Mom to 3.6% MoM). This was followed by a plunge …
Spiking Bond Yields Equals Sinking Equities
[Chart courtesy of MarketWatch.com] Moving the markets It all started with an April slowdown in retail sales from a revised higher (+0.8%) March number to a lame +0.3% in April indicating a lack of follow through growth. That sent equities lower right after the opening to a level at which the indexes vacillated till closing with the Dow and Transports …
Barely Hanging On
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow sporting an 8-day winning streak, an early rally fizzled into the close with the major indexes barely hanging on above their respective unchanged lines. The gains were modest with the leader being energy and health care, while real estate, telecommunications and industrials lagged. Today’s rally was supported by the perception …
ETF Tracker Newsletter For May 11, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-10-2018/ COMEBACK KID [Chart courtesy of MarketWatch.com] Moving the markets After slumping last week, and threatening to break our long-term trend lines to the downside into bearish territory, this week was just the opposite with the major indexes staging a comeback with each of them gaining over 2%. While we saw some jumpiness today, the Dow and …