[Chart courtesy of MarketWatch.com] Moving the markets Sometimes, any reason will do for the markets to pull back, especially after they’ve been on a relentless tear. Today, news of the first case of the coronavirus in the U.S. seemed to dampen spirits, and risk assets were sold. No surprise there, because after the record setting run of the major indexes, …
ETF Tracker Newsletter For January 17, 2020
ETF Tracker StatSheet You can view the latest version here. CLOSING A SOLID WEEK WITH A STRONG FINISH [Chart courtesy of MarketWatch.com] Moving the markets The record setting pace continued with all major indexes scoring impressive gains. The S&P 500 managed to add almost 2% in the past five trading days alone and has traded now 70 straight days …
Surfing On A Wave Of Optimism
[Chart courtesy of MarketWatch.com] Moving the markets While yesterday’s initial market reaction to the signing of the Phase-1 US-China trade deal was merely a yawn followed by a modest sell-off, today things looked different. Optimism was soaring with the major indexes scoring new record highs, as traders had a chance to digest the trade truce. The 96-page agreement lays out …
Losing Support And Slipping Into The Red
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes recovered from an early slide, headed higher and touched new records, when news of trouble in the US-China deal put an end to the bullish theme and south we went. Despite all efforts of regaining lost territory, the S&P and Nasdaq ended up moderately in the red, while the Dow …
Touching New Records
[Chart courtesy of MarketWatch.com] Moving the markets The bullish mood continued with the S&P and Nasdaq setting new records, while the Dow briefly crossed its 29k marker but backed off later in the session. Supporting the ramp higher was news that the U.S. no longer plans on designating China a currency manipulator, which is mainly a symbolic designation but was …
ETF Tracker Newsletter For January 10, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING A POSITIVE WEEK ON A DOWN NOTE [Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow touching the 29k level intra-day for the first time, there simply was not enough upward momentum left to keep the major indexes in the green, and all three of them ended …