[Chart courtesy of MarketWatch.com] Moving the markets Forget yesterday’s ugly close, during which the major indexes got stuck below their respective 200-day M/As indicating more pain to come on the downside. Today was a new day, where the bulls ruled for the entire session, as an upbeat earnings mood and some decent economic data (US job openings, industrial production) wiped …
Hovering In No-Man’s Land
[Chart courtesy of MarketWatch.com] Moving the markets Traders were a nervous bunch today after the S&P 500 bounced off the lows last Friday and came to rest right on top of its 200-day M/A, which for many represents the dividing line between bullish and bearish territory. Our Domestic Trend Tracking Index (TTI) already dipped below its own trend line last …
ETF Tracker Newsletter For October 12, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10-11-2018/ ENDING THE WEEK WITH PUMP, DUMP AND PUMP [Chart courtesy of MarketWatch.com] Moving the markets Today turned into another wild ride with the major indexes rebounding, then dropping, with the Dow turning negative after an early 400-point gain, after which buyers stepped in to pull equities out of the doldrums. In the end, we saw one …
Battling For A Comeback—And Failing—Domestic TTI Confirms “Sell” Signal
[Chart courtesy of MarketWatch.com] Moving the markets A meager attempt of an early bounce was rebuffed, and the major indexes continued to head south towards bear market territory. I pondered yesterday whether the sell-off was overdone and might produce a quick rebound, or whether we were heading much lower and ending this bullish cycle. The latter transpired as bouts of …
Markets Plummet as Red October Rattles Investors; International TTI Generates “Sell” Signal; Domestic TTI Settles Within Striking Distance
[Chart courtesy of MarketWatch.com] Moving the markets A slow deterioration of equity prices, which started last week, accelerated today with the broad markets plummeting, as the chart above shows. There was simply no place to hide and those investors, counting on the bond portion of their portfolios for safety, were disappointed as the 20-year bond ETF (TLT) dropped in sympathy …
Extending The Losing Streak
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes tried to get out of their foul mood by staging an early rally, which was rebuffed with the trend for the session being predominantly sideways. The S&P 500 not only extended its losing streak for the fourth day, but also bounced around its 50-day M/A leaving …