[Chart courtesy of MarketWatch.com] Moving the markets Today, only one topic mattered and that was what Fed chief had to say about interest rates. His comment that they are “just below where they won’t stimulate the economy” was enough to get the buying spree going with the major indexes scoring solidly, as the chart above shows. The Wall Street crowd …
See-Sawing Higher
[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the major indexes see-sawed in and out of the red before, late in the day, cautious optimism prevailed insuring a green close. The gains were small, especially for the Nasdaq which barely crawled above the unchanged line. Despite the positive tone, SmallCaps (IWN) were not so lucky and …
Bouncing Back From Last Week’s Disaster
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s drubbing, it came as no surprise that a rebound was in order. Closely watched was the retail sector with analysts trying to gain some perspective as to the shopping traffic leading into the Holiday season. The picture was mixed, and not conclusive, as in-story traffic fell as much as 9% …
ETF Tracker Newsletter For November 23, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-21-2018/ THE WORST THANKSGIVING WEEK IN 7 YEARS [Chart courtesy of MarketWatch.com] Moving the markets Despite an early rally attempt based on hope that “black Friday” would do wonders for the retail sector, the gains could not be sustained, and the major indexes plunged into the close during this Holiday shortened session. In the end, things continued …
A Hopeful Bounce Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets With the Dow having lost about 950 points over the past 2 days, it was time for the major indexes to bounce back, at least for one session, in order to recapture some of the ugly losses. That attempt turned into a head fake as, late in the day, momentum reversed with the …
Ugly Losses Continue With Apple Getting Spanked
[Chart courtesy of MarketWatch.com] Moving the markets If you had expected a bounce after yesterday’s drubbing, you would have been wrong. This morning’s opening happened deeply in the red with the Dow being down some 600 points, a level from which it rebounded only to visit the -640 level later in the session. While the major indexes managed to crawl …