ETF Tracker StatSheet You can view the latest version here. DIRECTIONLESS WAVERING [Chart courtesy of MarketWatch.com] Moving the markets Other than during two strong up days, namely Tuesday and Wednesday, the markets meandered aimlessly and ended the week with a loss, although a modest one, with the S&P 500 surrendering 0.30%. Despite expectations to the contrary, the earnings season …
Clinging To The Unchanged Lines
[Chart courtesy of MarketWatch.com] Moving the markets An early pump ran into strong resistance with the major indexes suddenly reversing and even breaking their respective unchanged lines to the downside. Fortunately, dip buyers stepped in and saved the markets from closing in the red. The much-anticipated Consumer Price Index (CPI) showed an amazing 7% YoY ramp, which was in line …
Fed Stokes Markets
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes built on yesterday’s comeback rally with the Nasdaq again taking the lead by gaining 1.41%. Still, the markets are struggling to find some footing after the New Year’s sell-off. Rising interest rates have been the culprit that brought the Santa Clause rally to a standstill and a subsequent reversal. For …
Trouncing And Bouncing
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s negative market theme continued this morning when the major indexes took another dive with the Dow being down over 500 points at one moment in time. Dip buyers made an appearance, as the indexes attempted to climb out of a deep hole. Though they did not manage to crawl back to …
ETF Tracker Newsletter For January 7, 2022
ETF Tracker StatSheet You can view the latest version here. SLITHERING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets After the most recent bullish ramp, which commenced the middle of December, the major indexes finally ran into some headwinds in the form of surging bond yields and started 2022 by posting a losing week. Given the nearness …
Choppy And Sloppy
[Chart courtesy of MarketWatch.com] Moving the markets Another up and down day supported the meme that bulls and bears are engaged in a tug-of-war with the latter so far coming out on top. However, today, the forces were more evenly matched, as the major indexes surrendered only a fraction with the Dow faring the worst. The tech sector was in …