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 …
Vaccine Stock Moderna Pops And Then Drops
[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 …