[Chart courtesy of MarketWatch.com] Moving the markets The much feared wave of selling that dominated last week came to a sudden end when the major indexes opened higher, pulled back slightly and then rocketed into the close thereby recording their largest one-day percentage gains since the middle of 2015. The bulls finally showed signs of life supported by reports that …
Indexes Slip On Hawkish Fed
[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 …
Major Indexes Rebound As Tech Sell-Off Eases
[Chart courtesy of MarketWatch.com] Moving the markets Despite continued weakness in Facebook (FB -2.56%), the tech sector as a whole managed to recover from yesterday’s sell-off with QQQ rebounding a modest +0.55%. Supporting action came from the loser YTD, namely the energy sector (XLE), which gained +0.56%. Facebook’s troubles with privacy violations continue to make headlines but, as I suggested …
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 …
Overnight Futures Carnage; Markets Recover And Wipe Out Losses
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets looked downright ugly last night with Dow being down over 400 points, as the fallout from Wall Street-friendly Gary Cohn’s resignation made headlines around the world. The weakness spread into today’s session early on, but by mid-day a slow and steady crawl back materialized with the Nasdaq gaining, the Dow …
An Early Rally Fizzles As Bond Yields Rise
[Chart courtesy of MarketWatch.com] Moving the markets The session started out with the bullish sentiment intact from yesterday’s rebound but ended with the bears taking over causing the major indexes to close at the lows of the day. The cause was “yield creep” as rates continued their march higher with the 10-year yield climbing 5 basis points to end the …