ETF Tracker StatSheet https://theetfbully.com/2019/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01-10-2019/ SNAPPING THE WIN STREAK BUT GAINING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Today was almost a repeat from yesterday’s session in that we started sharply to the downside, but bullish momentum appeared and pulled the major indexes up, but they fell a tad short of crossing above the unchanged line. For the …
A Wild Ride: Dump, Pump, Dump And Pump
[Chart courtesy of MarketWatch.com] Moving the markets It was another wild ride in the markets when, after an opening dump, dip-buyers (or was it the PPT?) stepped in and pushed the major indexes slowly but surely back above the unchanged line, when another dive pulled them back below it, before a second rebound shoved them into green for a fifth …
Trade Talk Hope Powers Markets
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to string together a 3-day winning streak thanks to continued optimism over the status of US-China trade talks. In a show of good faith, the warring parties extended their discussions until Wednesday. Word has it that gradual progress is being made, however, a true and final deal appears to …
When Bad News Is Good News—Again
[Chart courtesy of MarketWatch.com] Moving the markets At least for today, we’re back to the theme of last year when, on many occasions, bad news was good news and kept the bullish dream alive. I was reminded of that this morning when, after last week’s terrible manufacturing index (ISM) numbers, it was the US Service Economy’s turn to plummet (December …
ETF Tracker Newsletter For January 4, 2019
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 …