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[Chart courtesy of MarketWatch.com] Moving the markets An early bounce had the S&P 500 piercing its overhead resistance zone, namely the 2,800 point. However, the index was not able to hold on, as a slow and steady decline pulled equities off their lofty levels. Good thing we ran out of time, or we might have seen a red close. As …

ETF Tracker StatSheet https://theetfbully.com/2019/02/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-02-21-2019/ A SEA OF GREEN; TRADE TALK OPTIMISM IS ALIVE AND WELL [Chart courtesy of MarketWatch.com] Moving the markets It sure seems that complacency rules supreme when it comes to market behavior with yesterday’s bad news, when a bombardment of economic data missed, either being forgotten or at best can be seen in the rear-view mirror. Trade …

[Chart courtesy of MarketWatch.com] Moving the markets Despite continued trade talk optimism, the markets were not able to gain any footing and never managed to climb back above the unchanged line. Weak economic data points supported the bearish mood, but it was not enough of an early drop to keep me from executing our International ‘Buy’ signal by purchasing a …

[Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated Fed minutes (from their January meeting) showed that officials were divided on future interest rate hikes. One side argued that an increase might only be needed if inflation would exceed their baseline forecast. The other side thought it would be appropriate to hike later this year, if the economy behaves as …

[Chart courtesy of MarketWatch.com] Moving the markets After briefly meandering below the unchanged line, the major indexes found some upward momentum and ended up closing modestly higher—although on very low volume. A couple of assists helped to keep the bullish theme going. First, Cleveland Fed President Mester helped the markets higher by suggesting that the Fed should pause its balance …