ETF Tracker StatSheet https://theetfbully.com/2018/07/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-07-05-2018/ ENDING THE WEEK WITH SOLID GAINS [Chart courtesy of MarketWatch.com] Moving the markets Despite this being a Holiday shortened week, the major indexes managed to eke out some solid gains supported by a better than expected jobs report, as the economy created 213k new jobs in June. That was better than the hoped for 200k number. …
Markets Pump In The Face Of A Hawkish Fed
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes whipsawed throughout the session, however, all action happened above the unchanged line with the tech sector having its best session in over a month. Helping the positive mood were reports indicating an easing of trade tensions with especially Germany’s car sector enjoying a nice rebound after one newspaper published an …
Going Backwards—AKA Pump And Dump
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s late recovery rally continued this morning, but suddenly died, as momentum reversed, which sent the major indexes diving into the red. Weakness in tech and financials eclipsed positive moves in the telecom, energy and real estate sectors. Contributing to the tech sectors downward swing was Micron Technology, which appears to have been …
Escalating Trade Tensions—Markets Recover
[Chart courtesy of MarketWatch.com] Moving the markets It was weak start to the 3rd quarter with the major indexes diving right after the opening bell, with the old stand-by, namely escalating trade tension, being the culprit and weighing on sentiment. Despite this negative influence, a mid-day recovery, on the back of a rally in technology, turned things around and early …
ETF Tracker Newsletter For June 29, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/06/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-06-28-2018/ GAINING FOR THE DAY, LOSING FOR THE WEEK AND CLOSING MIXED YTD [Chart courtesy of MarketWatch.com] Moving the markets An early rally flamed out as money managers squeezed in some quarter-ending window dressing causing volatility to the up- and downside, as the major indexes barely edged out some green numbers. With the first half of 2018 …
Financials And Tech Show Strength; International “Sell” Signal Confirmed
[Chart courtesy of MarketWatch.com] Moving the markets Another slow start followed by a bounce back, which had legs for a change, gave the major indexes a victory session, although a modest one. Whether this was just another dead-cat bounce remains to be seen, but bullish momentum was not overwhelming thereby confirming our Domestic “Sell” signal affecting “broadly diversified international equity …