[Chart courtesy of MarketWatch.com] Moving the markets Neither bulls nor bears were able to make much headway on a day reports of stalled progress in the ongoing U.S.-China trade talks added uncertainty. The struggle to extend the 3-day winning streak lasted all day, but in the end, we closed just about unchanged. The dialog with China was further impacted by …
Is The 5th Time A Charm?
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 made another assault at the 2,800 marker and succeeded, at least for the time being. The last time, we saw this level being conquered was on March 1st, but bullish enthusiasm waned as negative news about a possible final China-Trade deal turned out to be nothing but hot air. Today, …
Divergence Alert: 10-Year Bond Yield Drops, While Nasdaq Pops
[Chart courtesy of MarketWatch.com] Moving the markets The Dow proved to be the laggard of the day again, as more fallout from Boeing’s recent aircraft crashes continued with many countries now having grounded the 737 Max jets. With Boeing (-6.22%) being a large component of the Dow, it’s no surprise that the index is suffering. In the meantime, the S&P …
A Steady Climb
[Chart courtesy of MarketWatch.com] Moving the markets Despite early weakness, the Dow managed a nice turnaround by coming back from a 240 point deficit to a 200-point gain. Boeing was the company that kept the Dow in check, after it fell some -6.5% caused by the second deadly airline crash in six months involving the 737 Max 8 planes. The …
ETF Tracker Newsletter For March 8, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-07-2019/ ABYSMAL JOBS REPORT SENDS EQUITIES LOWER [Chart courtesy of MarketWatch.com] Moving the markets Today, it was a dismal jobs number that put equity markets on the defensive, as an ‘ugly’ payroll report showed that only 20k jobs were generated during February. It was filed in the “just bad enough” category that even computer algos did not …
Global Growth Fears Smack Equities
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, equities hit the skids with the Dow dropping some 300 points before finding some footing. Causing this upheaval was the European Central Bank’s (ECB) Draghi, who unveiled a massive monetary easing program and an extended NIRP (Negative Interest Rates) period. While that should have been a positive for …