ETF Tracker StatSheet https://theetfbully.com/2019/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01-17-2019/ COMPUTER ALGOS SHIFT INTO OVERDRIVE [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s trade rumor caused the algos to shift into overdrive today after Bloomberg reported that Chinese officials were open to eliminating an imbalance with the U.S., which has been a major hurdle to trade negotiations since last year. The follow up story was that …
Following The Rumor
[Chart courtesy of MarketWatch.com] Moving the markets If markets appear stuck and non-directional, simply start a bullish rumor to get things moving again. Such was the case today when the major indexes, after hovering tightly around their unchanged lines for most of the session (weak bank earnings), took off and headed higher. The support came from a report alleging that …
Getting to Know The Real Market Catalyst
[Chart courtesy of MarketWatch.com] Moving the markets The Dow was leading today’s modest advance after having been the laggard yesterday. Some positive earnings from financial powerhouses Goldman Sachs and BofA gave the assist, while uncertainty over the partial government shut down was on traders’ minds but did not affect market direction. You may be wondering what the real catalyst was …
Netflix Boosts The Markets
[Chart courtesy of MarketWatch.com] Moving the markets Netflix was the major driver to get things started in the bullish direction and kept things alive throughout the session, despite earnings growth estimates having fallen recently to less than half the average growth for the first three quarters. However, that did not matter, what was most important was that Netflix’s price hike …
Global Growth Fears Keep Bullish Tendencies In Check
[Chart courtesy of MarketWatch.com] Moving the markets An early sharp drop gave way to a bounce throughout the session, but conviction was lacking in the face of ugly China trade data, and by association, more concerns again over a general global slowdown. Adding to the uncertainty was the beginning of earnings season, which many analysts view with some skepticism after …
ETF Tracker Newsletter For January 11, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01-10-2019/ SNAPPING THE WIN STREAK BUT GAINING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Today was almost a repeat from yesterday’s session in that we started sharply to the downside, but bullish momentum appeared and pulled the major indexes up, but they fell a tad short of crossing above the unchanged line. For the …