ETF Tracker StatSheet https://theetfbully.com/2019/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01-03-2019/ MARKET CHAOS CONTINUES—THE PENDULUM SWINGS THE OTHER WAY [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s equity thrashing, the markets shifted into reverse, very similar as to what we witnessed prior to and after Christmas, with the pendulum now swinging in the bullish direction. All of yesterday’s issue were swept under the carpet as three …
The ‘Everything’ Plunge
[Chart courtesy of MarketWatch.com] Moving the markets Apple Computers started today’s market fallout yesterday afternoon by announcing weaker than expected iPhone sales and shockingly reduced its revenue guidance. Part of the blame was put on China due to the “magnitude of their economic deceleration.” The punishment was instantaneous with Apple’s stock dropping some 8% in the after-hours session. With that …
A Turbulent Session To Start 2019
[Chart courtesy of MarketWatch.com] Moving the markets The opening dump to start the 1st trading day of 2019, with the Dow dropping almost 400 points, had investors on edge, until a slow climb pulled the major indexes out of the doldrums. Things looked shaky as market direction was predominantly sideways but, in the end, we closed in the green by …
A Positive Ending To A Miserable Month/Year
[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 …