[Chart courtesy of MarketWatch.com] Moving the markets By the chart above, you would not know that we had a positive opening thanks to Boeing’s encouraging earnings report which, at the end of this session, turned into a tiny unimportant speck in the rear-view mirror. After a mid-day bounce, bearish momentum gathered strength and south we went, at first slowly and …
Dump And Pump; Dow Regains Part Of 500 Point Early Loss
[Chart courtesy of MarketWatch.com] Moving the markets Worldwide markets rode a wild roller-coaster this morning with global systemically important banking stocks crashing hard bringing back distant memories of what we saw in 2008. It appears that banks don’t have “fortress like balance sheets,” which increases the odds of more fallout to come. Global stock markets retreated in sync with the …
Wrestling For Domination
[Chart courtesy of MarketWatch.com] Moving the markets We saw another see-saw ride on Wall Street with bulls and bears engaging in a continuous battle for domination. There were no clear winners and some of the intra-day rally attempts fell short of pushing the major indexes above their respective unchanged lines. The exception was the Nasdaq, which managed to eke out …
ETF Tracker Newsletter For October 19, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10-18-2018/ BULL-BEAR STRUGGLE [Chart courtesy of MarketWatch.com] Moving the markets Bulls and bears were engaged in a tug-of-war during the entire session with the bulls showing strength early on but fading mid-day and briefly dropping into red numbers, as the bears gained the upper hand. In the end, the major indexes closed mixed and off the day’s …
Resuming The Bearish Trend
[Chart courtesy of MarketWatch.com] Moving the markets There was no rebound in sight anywhere, as the major indexes opened below their respective unchanged lines, headed south and bounced around the day’s lows without ever threatening the downward momentum. The S&P 500 has now lost 9 out of the past 11 trading days and closed today right at its 200-day M/A. …
Dumping And Pumping In The Face Of Weak Data
[Chart courtesy of MarketWatch.com] Moving the markets A sharp early dive pushed the Dow down some 250 points (thanks in part due to IBMs poor earnings report) shortly after the opening with the other major indexes seeing red numbers as well. A slow but steady recovery pulled the indexes back above their respective unchanged lines, but the gains did not …