[Chart courtesy of MarketWatch.com] Moving the Markets As saber rattling continues to be the topic du jour, it’s no surprise that gold has been the main beneficiary by not just being the leader YTD for 2017, but also finally conquering its 5-month glass ceiling, namely its 200-day M/A. We’ll have to wait and see if current momentum can propel gold …
Clinging To A Tiny Gain
[Chart courtesy of MarketWatch.com] Moving the Markets We started the week on a positive note when suddenly the markets took a dive below the unchanged line, crawled back above it and then closed with a tiny gain. Stocks were spooked on news reports that China had amassed some 150,000 troops along the North Korean border, which was enough to take …
ETF Tracker Newsletter For April 7, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18769&preview=true WAR MONGERING AND POOR JOBS REPORT EQUAL UNCERTAINTY [Chart courtesy of MarketWatch.com] Moving the Markets While stock futures took a dive last night after Trump’s unveiling that he ordered the US military to lob some 59 tomahawk cruise missiles into Syria, things turned around this morning as it appeared that the conflict will likely be contained—at …
Waiting For Uncertainty To Pass
[Chart courtesy of MarketWatch.com] Moving the Markets An early rally attempt lost steam again late in the session with today’s spoiler being Secretary of State Tillerson, who took center stage and reversed his view from last week that the US had no interest in removing the Syrian president to now beating the war drums and announcing “that steps are underway …
Fed Spooks Wall Street And Reverses Morning Rally
[Chart courtesy of MarketWatch.com] Moving the Markets As the chart above shows, a morning rally got derailed in a hurry with the major indexes ending the session to the downside. A positive ADP report got things started in a northerly direction with the S&P 500 knocking on the 2,400 level. Data showed that 263,000 workers were added in March, which …
Another Successful Dump And Pump
[Chart courtesy of MarketWatch.com] Moving the Markets In a repeat from yesterday, the early market dump gave way to the usual pump to ensure that the major indexes closed in the green as it appeared that the BTD (Buy the Dip) crowd was out in full force. The Dow managed to kiss its 50-day M/A for the second day in …