[Chart courtesy of MarketWatch.com] Moving the markets Today’s market theme was the same one like yesterday with traders focusing on easing Covid-19 lockdowns, while the ever-increasing civil unrest and riots were again ignored. Destroyed businesses and subsequent curfews certainly will impact an economy under stress, especially one that is trying to slowly re-open and is now threatened again with new …
Optimism Rules
[Chart courtesy of MarketWatch.com] Moving the markets The futures started on a rollercoaster ride with a sharp opening drop being followed by a rebound, which was followed by a decline and then another bounce back, as this chart shows. The regular session showed much less volatility when, after a weak start, bullish momentum appeared, and a slow but consistent ascent …
ETF Tracker Newsletter For May 29, 2020
ETF Tracker StatSheet You can view the latest version here. TRUMP PLEASES MARKETS [Chart courtesy of MarketWatch.com] Moving the markets Nervousness prevailed in the markets with the major indexes sliding, as the world waited with bated breath for Trump’s remarks on potential actions to be taken against China’s ‘violations.’ His highly anticipated news conference came and went, but it …
Markets Take A U-Turn Into The Red
[Chart courtesy of MarketWatch.com] Moving the markets A follow-through rally ran into a brick wall, took a U-turn, and headed south with the major indexes being pulled off their lofty levels and below their respective unchanged lines. The early burst higher was based on hope that the worst economic damage is now in the past with shutdowns continuing to ease. …
Leaving Overhead Resistance In The Dust
[Chart courtesy of MarketWatch.com] Moving the markets After the Dow and the S&P 500 battled with their overhead resistance yesterday, it was a different story today, when, after some early morning bobbing and weaving, the major indexes reestablished upward momentum and off we went. You would have thought that dismal economic data and rising US-China tensions would have imparted a …
Levitating Higher
[Chart courtesy of MarketWatch.com] Moving the markets Today, upbeat quarterly earnings results from Target and Lowe’s set a positive tone and sent the major indexes to 10-week highs. However, as soon as news of a bill to delist Chinese companies from the US exchanges cleared the senate, equities came off their best levels of the day. The focus remained predominantly …