ETF Tracker StatSheet You can view the latest version here. ENDING THE WEEK ON A SOUR NOTE [Chart courtesy of MarketWatch.com] Moving the markets After trying to dig themselves out of an early hole, the major indexes dove into the close and just about touched the lows of the day again, caused by the Fed’s announcement that it will …
Surfing The Stimulus Wave; Who Is That Elephant In The Room?
[Chart courtesy of MarketWatch.com] Moving the markets Looking at today’s news headlines, you would think we’re back to last year’s theme of “bad news is good news” for the markets. Here’s a sample of what we faced today: More Than 500k Covid-19 Cases Diagnosed Worldwide: “From 0 to 250,000 cases in 4 months. From 250,000 cases to 500,000 cases: 1 …
A Tug Of War: Fiscal Stimulus Plan Vs. Corona Virus Fears
[Chart courtesy of MarketWatch.com] Moving the markets Another strong rally lost half of its early gains late in the session, as the upbeat mood waned with some chart watchers confirming what I said yesterday, namely that big rebounds are not necessarily a sign that a bottom has been formed. More importantly, the indexes plunged into the close based on news …
Hope For A Fiscal Rescue Package Rescues Equities
[Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed a solid comeback by using nothing but hope for a $2.5 trillion stimulus package as a springboard with the Dow scoring its best percentage gain (11%+) since 1933. However, history throws a shadow on that event, if you look at this chart and become aware of what happened afterwards. …
Tumbling Into A New Week
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed saying that “aggressive action is needed” and subsequently proved it by introducing unlimited QE via purchases of $125 billion in securities every day, the markets managed to swing wildly but only “below” their respective unchanged lines. Analyst Graham Summers summed it up best: As I warned two weeks ago, the …
ETF Tracker Newsletter For March 20, 2020
ETF Tracker StatSheet You can view the latest version here. CRASHING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce along the green side of the unchanged line, reality set in, supported by the always unpredictable quad options expirations day, sending the markets reeling—again. The major indexes were hammered, with the S&P 500 getting …