[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 …
Bearish Thoughts
[Chart courtesy of MarketWatch.com] Moving the markets Over the weekend, I read a couple of articles outlining the ongoing progress, or rather lack thereof, with the China trade talks, which took on a new dimension during the Asia-Pacific Economic Cooperation (APEC) summit. We’ve witnessed Trump and Xi go at it for several months now, but VP Pence decided more was …
ETF Tracker Newsletter For November 16, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-15-2018/ A Down Week Ends On A Positive Note [Chart courtesy of MarketWatch.com] Moving the markets The major indexes see-sawed throughout the session swinging above and below their respective unchanged lines but closing in the green in the end. The exception being the Nasdaq, which ended up slightly in the red but much improved from earlier levels. …