[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes gyrating wildly above their respective unchanged lines, ahead of the Fed, in the end, the elevated levels did not hold and we slipped slightly into the red. The big winners after the interest rate hike were Gold and Crude Oil. There wasn’t really anything in the Fed announcement that …
ETF Tracker Newsletter For March 16, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/03/weekly-statsheet-etf-tracker-newsletter-updated-03-15-2018/ ENDING THE WEEK ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets Not only did the S&P 500 break its losing streak on day 5, but the major indexes managed to eke out a green close for the session but ended down for the week. As I mentioned daily, the potential trade wars, along …
Igniting Trade-War Worries Punish Markets; GDP Forecast Slammed
[Chart courtesy of MarketWatch.com] Moving the markets A host of headlines appeared to punish the markets by pushing the major indexes down for the third day in the row. First, there was more jawboning about tough trade talk with China, as the administration announced a $100 billion annual China deficit target from last year’s $375 billion. Of course, retaliation is …
Equities Drop and Pop
[Chart courtesy of MarketWatch.com] Moving the markets While we opened the session on a positive note, equities started slipping and sliding being spooked by early rumors as to who would get Gary Cohn’s job. However, that talk fell by the wayside when news headlines announced not only unlimited exemptions for Canada and Mexico from Trump’s tariffs but also allowed other …
Markets Resemble A Bucking Bronco
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 chart clearly demonstrates the kind of trading session we saw today with wild swings in the averages, below and above their respective trend lines, resembling a bucking bronco. In the end, the bulls notched a victory and scored modest gains. There were only two news items which created this wild …
Uncertainty Reigns Ahead Of Jobs Report
[Chart courtesy of MarketWatch.com] Moving the markets It was another roller coaster ride with the indexes vacillating around their unchanged lines. A nice mid-day rally fizzled out and accelerated to the downside in the last hour when dip buyers stepped in to limit the damage. Volatility picked up due to rising interest rates and inflation along with uncertainty ahead of …