[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 …
Upheaval: Dumping Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets Though the Dow staged a solid rally early in the session, the S&P 500 was barely hanging on to its unchanged line, but the Nasdaq never saw any green numbers. All of this changed mid-day with the major indexes simply losing steam and dumping into the close led by the Nasdaq with a …
Starting 2022 With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets We’re still in the last two days of the peculiar Santa Claus rally, with the major indexes overcoming early weakness and then welcoming the new year with a rally, as the Dow scored another record close. None of this would have been possible without the usual short squeeze, which helped the bullish cause. …