[Chart courtesy of MarketWatch.com] Moving the markets Despite continued weakness in Facebook (FB -2.56%), the tech sector as a whole managed to recover from yesterday’s sell-off with QQQ rebounding a modest +0.55%. Supporting action came from the loser YTD, namely the energy sector (XLE), which gained +0.56%. Facebook’s troubles with privacy violations continue to make headlines but, as I suggested …
Markets In Disarray
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, there was no question as to which direction the markets would head as bulls were noticeably absent and weakness spread to most sectors. Anxiety was caused by a tech sell-off sparked by Facebook (FB), now also known as Faceplant, after the social media giant lost -6.77% and took …
ETF Tracker Newsletter For March 16, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/03/weekly-statsheet-etf-tracker-newsletter-updated-03-15-2018/ ENDING THE WEEK ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets Not only did the S&P 500 break its losing streak on day 5, but the major indexes managed to eke out a green close for the session but ended down for the week. As I mentioned daily, the potential trade wars, along …
Lingering Trade-War Fears Keep Market Jitters Alive
[Chart courtesy of MarketWatch.com] Moving the markets It was a mixed bag with the Dow managing to overcome a 3-day losing streak while the S&P & Nasdaq hovered on both sides of the unchanged line but slipped slightly into the red. The markets are still trying to digest Trump’s comments from yesterday that his administration intends to trim the trade …
Igniting Trade-War Worries Punish Markets; GDP Forecast Slammed
[Chart courtesy of MarketWatch.com] Moving the markets A host of headlines appeared to punish the markets by pushing the major indexes down for the third day in the row. First, there was more jawboning about tough trade talk with China, as the administration announced a $100 billion annual China deficit target from last year’s $375 billion. Of course, retaliation is …
Early Rally Fades As Bears Score A Win; Gold Pops As Dollar Drops
[Chart courtesy of MarketWatch.com] Moving the markets Good thing inflation data was fairly benign, as the CPI rose ‘only’ +0.2% in February, after an alarming increase in January of 0.5%, or the markets might have really taken a dive. As it turned out, the major indexes slid slowly but steadily through the entire session wiping out early gains. Despite the …