[Chart courtesy of MarketWatch.com] Moving the markets We saw another see-saw ride on Wall Street with bulls and bears engaging in a continuous battle for domination. There were no clear winners and some of the intra-day rally attempts fell short of pushing the major indexes above their respective unchanged lines. The exception was the Nasdaq, which managed to eke out …
ETF Tracker Newsletter For October 19, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10-18-2018/ BULL-BEAR STRUGGLE [Chart courtesy of MarketWatch.com] Moving the markets Bulls and bears were engaged in a tug-of-war during the entire session with the bulls showing strength early on but fading mid-day and briefly dropping into red numbers, as the bears gained the upper hand. In the end, the major indexes closed mixed and off the day’s …
Resuming The Bearish Trend
[Chart courtesy of MarketWatch.com] Moving the markets There was no rebound in sight anywhere, as the major indexes opened below their respective unchanged lines, headed south and bounced around the day’s lows without ever threatening the downward momentum. The S&P 500 has now lost 9 out of the past 11 trading days and closed today right at its 200-day M/A. …
Dumping And Pumping In The Face Of Weak Data
[Chart courtesy of MarketWatch.com] Moving the markets A sharp early dive pushed the Dow down some 250 points (thanks in part due to IBMs poor earnings report) shortly after the opening with the other major indexes seeing red numbers as well. A slow but steady recovery pulled the indexes back above their respective unchanged lines, but the gains did not …
Corrective Bounce Off The Trend Lines
[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 …