[Chart courtesy of MarketWatch.com] Moving the markets The bulls and bears engaged in another gathering of tug-of-war with the major indexes vacillating around their respective unchanged lines and, in the end, closing with no clear direction apparent. The fallout from last Friday was obvious, as global weakness carried into today, but enough bullish momentum turned this into an uneventful session. …
ETF Tracker Newsletter For March 22, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-21-2019/ WEEK ENDS WITH REALITY CHECK [Chart courtesy of MarketWatch.com] Moving the markets Reality made its way into the stock market with the major indexes plunging at first then staging a mid-day comeback only to dump again and close at the lows of the session. As I pointed out yesterday, the Fed’s extreme dovish stance, along with …
The Morning After: Fed’s Softened Rate Outlook Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets The fallout from the Fed’s soft outlook on interest rates was, so far, overwhelmingly positive with the bulls grabbing the baton and storming deeper into bullish territory. While the idea that no rate hikes on the horizon for 2019 stoked equity investors, worries kept creeping up that this was just a function of …
Fed Outlook Temporarily Lifts Equities, But Gains Fade Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets After an early dump, the markets stabilized mid-session, after the Fed softened its rate outlook and opined positively on the state of the economy. Some analysts likened the Fed’s statement to “folding like a cheap lawn chair,” as it dramatically slashed its stance on interest rates. It seems, at least for the time …
Edging Higher Ahead Of The Fed
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s quad-witching hour turned into a positive for equities in general while today’s market action ahead of the Fed meeting on interest rates was inconsistent but upward trending. Most of the action happened at the opening, when a surge pushed stocks higher, which was followed by a lull throughout the session, before buyers …
ETF Tracker Newsletter For March 15, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-14-2019/ ENDING A GOOD WEEK ON A POSITIVE [Chart courtesy of MarketWatch.com] Moving the markets The quadruple witching hour came and went and ended up having a positive effect on equities, which more than made up for last week’s pullback. Along the way, traders ignored the unreliable news reports about the U.S.-China trade negotiations as well as …