[Chart courtesy of MarketWatch.com] Moving the markets After closing out March on a positive note, April started with a bang, as the major indexes sported gains above 1%. The only fly in the ointment was a sharp spike in interest rates with the 10-bond shooting up almost 11 basis points to close at 2.5%, which kept the conservative ETFs in …
ETF Tracker Newsletter For March 29, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-28-2019/ ENDING THE QUARTER ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets Continued optimism about more progress with the U.S.-China trade talks moved to front and center thereby pushing concerns over slowing global economies to the sidelines, at least for the time being. Supporting the early rally was the market debut of Uber competitor …
Trade Hope Keeps The Bullish Theme Alive
[Chart courtesy of MarketWatch.com] Moving the markets An early bounce gave way to selling with the S&P 500 touching its hard fought 2,800 level, before bullish sentiment prevailed and pulled all 3 major indexes out of the doldrums and into a green close. Nevertheless, it was a choppy session with support coming from the dangling trade carrot which, on many …
Bears Trump Bulls
[Chart courtesy of MarketWatch.com] Moving the markets While the major indexes opened in the green, the time spent above their respective unchanged lines was cut short, as sellers took charge and drove equities straight south supported by lower global growth expectations. As luck would have it, things turned around mid-day, as we’ve seen many times before, and a slow but …
Battling Growth Fears
[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 …