ETF Tracker StatSheet You can view the latest version here. DIGGING A HOLE AND FAILING TO CLIMB OUT OF IT [Chart courtesy of MarketWatch.com] Moving the markets Negative sentiment was clearly present in the futures markets with US indexes falling and Chinese stocks tumbling on increased tensions between the US and China. The tit-for-tat on forcing closures of each …
Equities Stumble In Search For Direction—Gold Shines
[Chart courtesy of MarketWatch.com] Moving the markets Early weakness in equities prevailed throughout the session, but downward momentum accelerated leaving the major indexes in the red with the Nasdaq taking the brunt of the beating. As we all know, the tech sector has been on a tear, so corrections are to be expected. Look at this chart below showing the …
Aimless Meandering—Gold Reigns
[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the markets engaged in directionless wandering but, as we’ve seen many times in the past, an afternoon ramp pushed the 3 major indexes solidly in the green, while pulling the lagging Nasdaq along for the ride. Two concerns kept the indexes stuck in a range, namely fears that …
Equities Gain But Gold Soars—Buy Signals Triggered
[Chart courtesy of MarketWatch.com] Moving the markets While equities and gold usually diverge, today both gained, but the precious metal put on a superior performance with GLD adding +1.22% vs. the S&P 500s meager +0.17%. After the Nasdaq’s outstanding outing yesterday, the tech sector was due for a time out, and the index surrendered -0.81%. Market sentiment was cheerful after …
The Nasdaq Rules
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the Nasdaq took over and lead the major indexes via a steady ramp to a green close. The Dow barely closed to the upside, while the S&P 500 showed a decent increase, but that one paled compared to the tech sector’s chest pounding 2.51% surge. Much of this …
ETF Tracker Newsletter For July 17, 2020
ETF Tracker StatSheet You can view the latest version here. A VOLATILE WEEK ENDS TO THE UPSIDE [Chart courtesy of MarketWatch.com] Moving the markets Volatility continued today, but in the end the Dow added some 2.5% for the week, the S&P 500 gained around 1%, while the Nasdaq skidded near -1.4% and suffered its worst weekly underperformance relative to …