[Chart courtesy of MarketWatch.com] Moving the markets Last night, the futures fluctuated wildly with that theme continuing throughout today’s trading day with the major indexes swinging around their respective moving averages. It appears that traders tried to figure out the possible consequences of the all-out “kitchen sink” approach by the global central banks. It’s hard to keep track of all …
Equities Get Crushed—Dow Loses The 20,000 Level
[Chart courtesy of MarketWatch.com] Moving the markets So much for yesterday’s rebound of “hope,” which got annihilated, as the major indexes took another step down. At one point, the Dow even lost its 19k level, while the S&P dropped below 2.3k, but both were pushed back up thanks to a bounce off their lows during the past 30 minutes. Those …
Fed Unloads Its Biggest Bazooka Ever—Markets Crash—Dow Plunges 3,000 Points
[Chart courtesy of MarketWatch.com] Moving the markets When I was watching the futures markets last night, I already knew that today would not be a good one to be in the markets. Despite the Fed unloading its biggest emergency bazooka ever, by announcing $700 billion in QE and a full 1% reduction in interest rates to “zero,” markets immediately went …
ETF Tracker Newsletter For March 13, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING A BRUTAL WEAK WITH A RELIEF RALLY [Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed to keep a rebound rally going after yesterday’s collapse. As I posted, during bear markets, you can witness violent upswings, but they don’t mean the bearish trend is over. Today, …
The Bull Dies Of Morbid Obesity—The Bear Roars—The Crash Fest Continues
[Chart courtesy of MarketWatch.com] Moving the markets In a few decades, historians will look back at the past 10 years and shake their heads in disbelieve at the insane Fed monetary policies that have kept markets artificially propped up, while “disallowing” any downside moves beyond a certain “acceptable” percentage. Though many erroneously attribute the current market disaster to the coronavirus, …
Plunging Deeper Into Bear Market Territory
[Chart courtesy of MarketWatch.com] Moving the markets With the benefit of hindsight, yesterday’s hope-based snap-back rally has now assumed the smell of a dead-cat bounce, with the major indexes getting hammered, as the Dow touched the commonly recognized bear market territory, which is a 20% drop from recent highs. A few headlines combined to eradicate any remaining bullish sentiment: Core …