[Chart courtesy of MarketWatch.com] Moving the markets Choppy and sloppy best describes today’s session, as the major indexes vacillated around their respective unchanged lines with the Nasdaq showing the most weakness as tech shares continued their swoon. It was a tug-of-war between good economic growth data along with home sales on one side and the bearish forces still in play …
Tech Sector Imitates A Swan Dive
[Chart courtesy of MarketWatch.com] Moving the markets And it all started so peacefully. The markets opened on the plus side, after Monday’s euphoric rebound, when, after hugging the unchanged line for a while, the bottom suddenly dropped out, and the tech sector (-3.5%) did its best imitation of a swan dive pulling the entire equity arena with it. In the …
Snap-Back Rally Propels Equities Higher
[Chart courtesy of MarketWatch.com] Moving the markets The much feared wave of selling that dominated last week came to a sudden end when the major indexes opened higher, pulled back slightly and then rocketed into the close thereby recording their largest one-day percentage gains since the middle of 2015. The bulls finally showed signs of life supported by reports that …
ETF Tracker Newsletter For March 23, 2018; International “Sell” Signal Triggered
ETF Tracker StatSheet https://theetfbully.com/2018/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-22-2018/ DOWNSIDE MOMENTUM ACCELERATES [Chart courtesy of MarketWatch.com] Moving the markets For a while it looked like the major indexes were able to stage a modest rebound by trending slightly below and above their unchanged lines. However, that dream was short-lived as downward momentum suddenly accelerated and equities ended up diving into the close to finish an …
Trade War Threats Hammer Markets; ‘Buy’ Signals Remain Intact
[Chart courtesy of MarketWatch.com] Moving the markets I was thinking this morning that something had changed in the markets over the past week or so. All of a sudden, stocks seem to react to day-to-day headline events and no longer consider ‘any’ news as good news for the bullish crowd, which is what we saw throughout 2017. Supporting a similar …
Indexes Slip On Hawkish Fed
[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes gyrating wildly above their respective unchanged lines, ahead of the Fed, in the end, the elevated levels did not hold and we slipped slightly into the red. The big winners after the interest rate hike were Gold and Crude Oil. There wasn’t really anything in the Fed announcement that …