[Chart courtesy of MarketWatch.com] Moving the markets Equities headed south in early trading, which was the validation confirming yesterday’s “Sell” signal for “broadly diversified domestic equity ETFs.” The markets dumped at first then see-sawed higher in what can be considered a drop, pop, drop and pop kind of session, during which all 3 major indexes ended in the green for …
A Hopeful Opening Bounce Dies
[Chart courtesy of MarketWatch.com] Moving the markets For a while it looked like the opening bounce had some starch in it, but that hope dissipated in the hurry, when a mid-day dive gave the bears the upper hand and south went with the Dow being down -250 points at one time. A late afternoon levitation gave the bulls some hope …
Treading Water; Oil Gets Bashed
[Chart courtesy of MarketWatch.com] Moving the markets Despite several attempts to pull the major markets out of yesterday’s hole, the efforts failed with the Dow and S&P 500 sinking moderately while the Nasdaq ended the session unchanged. Not helping matters was the fact that oil prices tumbled -8.11% and ended up barely hanging on to the 55-handle after having now …
Surrendering Last Week’s Gains
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s market weakness continued through today with the major indexes getting spanked and surrendering just about all last week’s gains, which makes Wednesday’s robust bounce suspicious in terms of resumption of the bullish trend. At least for right now, it appears to have been a giant head fake, just enough to generate a …
ETF Tracker Newsletter For November 9, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-08-2018/ A Good Week Ends On A Sour Note [Chart courtesy of MarketWatch.com] Moving the markets It was another roller-coaster week, with the major indexes gaining, thanks to Wednesday’s super ramp, but some reality sat in the last couple of days and pulled the major indexes off their lofty levels. Today’s drop started when Trump’s main China …
Fed Keeps Rates Unchanged; Markets Mixed
[Chart courtesy of MarketWatch.com] Moving the markets There was not much follow through from yesterday’s massive rally, but there was not much of a sell-off either, meaning that our new domestic “Buy” took effect today. We got our feet wet with some conservative exposure to “broadly diversified domestic ETFs,” while acknowledging that at any time momentum could turn around and …