ETF Tracker StatSheet You can view the latest version here. DUMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets The futures already painted bleak picture based on doubts whether Biden really would be able to pass its $1.9 Trillion stimulus package. Some see it as untenable, so the cash market took a dive at the opening. As …
Cooling Off
[Chart courtesy of MarketWatch.com] Moving the markets An early rally bit the dust during the last 2 trading hours with the major indexes surrendering early gains and dumping into the red. Given recent advances the drop was modest with the Dow and Nasdaq faring the best with a loss of -0.22% and -0.12% respectively. MidCaps and GLD hung around the …
In Rebound Mode
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s modest pullback, the major indexes continued to aimlessly vacillate around their respective unchanged lines throughout most of the session. A last hour push created enough upward momentum to assure a green close. The Nasdaq led the charge with a gain +0.28%, despite the FANGs tanking. But, as has been the case …
Stumbling Off The Highs
[Chart courtesy of MarketWatch.com] Moving the markets The futures market already indicated a negative bias with US equities and global stocks dropping off their record highs on Friday. A sense of caution dashed across trading desks, as questionable economic data, hopes for more stimulus, political turmoil and the continued barrage of Covid-19 cases combined to give the bears something to …
ETF Tracker Newsletter For January 08, 2021
ETF Tracker StatSheet You can view the latest version here. Preserving The Bullish Trend [Chart courtesy of MarketWatch.com] Moving the markets Yesterday, I talked about rising bond yields to be a potential equalizer to future market direction, and we saw some of it today. Stocks broke down a couple of times this morning, as the 10-year yield surged twice …
Focusing On The Coming Stimulus Bonanza
[Chart courtesy of MarketWatch.com] Moving the markets The mood today was up, up, and away with hardly any intra-day corrections. An early jump set the major indexes on track for smooth sailing throughout the session with all of them ending in record territory. Traders decided that after the roller coaster ride of the past few days, and the political tug-of-war …