[Chart courtesy of MarketWatch.com] Moving the markets While the jury is still out whether we’re experiencing a bear market bounce or have moved into a new bullish cycle, I was surprised to read that two-thirds of fund managers are saying we’re still in a bear market rally. I agree with that but will change my mind once our Trend Tracking …
A One-Two Punch Rockets Markets Higher
[Chart courtesy of MarketWatch.com] Moving the markets The futures started things out by rallying sharply based on Europe data showing new corona virus cases growing at the slowest rate in months. That was followed by the US markets jumping right after the opening bell, because of drug maker Moderna announcing positive early results from its first human trial of its …
ETF Tracker Newsletter For May 15, 2020
ETF Tracker StatSheet You can view the latest version here. A DOWN WEEK ENDS IN THE GREEN [Chart courtesy of MarketWatch.com] Moving the markets Another rollercoaster day, which had equities tumbling into the red after the opening bell but, as if by magic, an afternoon ramp pushed major indexes back to a green close. Nevertheless, we saw their worst …
Bounce Back Thursday
[Chart courtesy of MarketWatch.com] Moving the markets The Dow managed to recover from a sharp opening tumble of some 400 points to reverse and close higher by 377 points, which makes this an intra-day range of almost 800 points. The other two major indexes followed a similar pattern but lagged in magnitude and performance. That means we’re back to where …
Slumping And Dumping
[Chart courtesy of MarketWatch.com] Moving the markets An early market slump turned into a full-blown dump, as it appeared that the major indexes were struck by a dose of reality and, for a change, the headline scanning computer algos interpreted bad news as bad news. Even though we saw a last 30-minute pump, it only reduced the amount of damage …
A Rally Morphs Into A Swan Dive
[Chart courtesy of MarketWatch.com] Moving the markets An early rally ran into trouble, reversed, accelerated, and got slammed down with the Dow dropping some 450 points, or -1.9%, with the other two major indexes scoring slightly worse. The initial bounce was a result of positive interpretations of the partial reopening of the economy, despite many facts pointing to a disappointing …