[Chart courtesy of MarketWatch.com] Moving the markets Despite last week’s rebound and today’s green close, it simply wasn’t enough to wipe out the losses of a miserable year and an even worse December. While for 2018 the S&P 500 “only” fell -6.2%, its biggest yearly tumble in a decade, this month left a bitter aftertaste with the index dropping -9.2%, …
ETF Tracker Newsletter For December 28, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12-27-2018/ A WEEK OF WILD SWINGS [Chart courtesy of MarketWatch.com] Moving the markets I am certain that a lot of Wall Street traders are glad that this week, which gave a new meaning to the word “volatility,” is finally over. Despite only 4 trading sessions, a huge drop was followed by an amazing recovery, however, no clear …
A Late-Day Comeback
[Chart courtesy of MarketWatch.com] Moving the markets One market technician called yesterday’s massive rebound a sucker’s rally and for most of today, with the major indexes trading way down, his view seemed to be correct except, it was not over yet. A powerful reversal during the last hour appeared to be a continuation of the quarter ending re-balancing by pensions …
Wiping Out The Christmas Meltdown Via A $64 Billion Buy Order
[Chart courtesy of MarketWatch.com] Moving the markets Equities finally managed to stage a long-overdue rebound from extremely oversold conditions but still leaving the major indexes far short of returning to bullish territory. Getting things started were comments by President Trump yesterday attempting to calm the investing crowd after the pre-Christmas disaster. Words like “buy the dip,” “I have great confidence …
A Historical Day: The Longest Manipulated Bull Market Is Over
[Chart courtesy of MarketWatch.com] Moving the markets Even a Holiday shortened session wasn’t enough to give the bullish crowd some hope, as the major indexes plunged again with the S&P 500 finally dropping into bear market territory, a level defined as a 20% drop from recent highs. Starting this mess was Treasury Secretary Mnuchin who, while on vacation, decided to …
ETF Tracker Newsletter For December 21, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12-20-2018/ MARKETS END A MISERABLE WEEK IN A SEA OF RED [Chart courtesy of MarketWatch.com] Moving the markets Here we go again. An early bounce ran into resistance, as bears upheld their dominance and sent the major indexes into a tailspin with the Dow registering another 400-point loss leaving some traders stunned and speechless. That’s no surprise …