[Chart courtesy of MarketWatch.com] Moving the markets An early morning ramp-a-thon pushed equities into the green, with the Dow at one moment sporting a 400-point gain but, things turned sour quickly, and the major indexes dove into the close. Only the Dow managed to cling to its unchanged line, while the S&P and Nasdaq ended solidly in the red with …
Going…Going…Gone!
[Chart courtesy of MarketWatch.com] Moving the markets While the major indexes closed off their intra-day lows, they nevertheless scored another loss, as several rally attempts did not hold, and south we went. As I pointed out last week, the massive rebound, that propelled the Nasdaq some 6.5% higher on Monday and Tuesday turned out to be another head fake with …
ETF Tracker Newsletter For October 7, 2022
ETF Tracker StatSheet You can view the latest version here. EASY COME, EASY GO [Chart courtesy of MarketWatch.com] Moving the markets Right now, it sure looks like the bullish feel-good hope moves of Monday and Tuesday were nothing more than another dead cat bounce, with most gains having been surrendered as the bears battled back and took the upper …
Slumping And Pumping
[Chart courtesy of MarketWatch.com] Moving the markets Overnight weakness, followed by an early dump, with the Dow dropping some 400 points, was reversed as bullish sentiment prevailed causing traders and algos to pull the major indexes out of a hole and back to within striking distance of their respective unchanged lines. After two days of strong gains, the widely followed …
Perception Or Reality?
[Chart courtesy of MarketWatch.com] Moving the markets For the second day in a row, the markets rebounded sharply based on the idea that the Fed is due to pivot and implement a more dovish stance with its monetary policy. Never mind that all this is merely perception and not reality at all. But to the frontrunning traders and algos none …
Climbing Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets After last month’s thrashing, during which the S&P 500 lost -9.3%, it comes as no surprise that a rebound from a very oversold condition materialized, as the markets welcomed October with a bullish bounce. Following the recent debacle in the UK, when the BoE reversed its tough talk of hiking rates to fight …