[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s monster rally, and last week’s overall bullish tone in the markets, it comes as no surprise that the major averages might take a pause, and that’s precisely what happened. All three of them vacillated around the unchanged line with the Dow and S&P giving back a fraction while the Nasdaq closed …
ETF Tracker Newsletter For March 9, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/03/weekly-statsheet-etf-tracker-newsletter-updated-03-08-2018/ A ONE WAY STREET FOR THE BULLS [Chart courtesy of MarketWatch.com] Moving the markets Forget the concerns of the past week. Things like tariffs, trade wars, rising bond yields and Gary Cohn’s exit from the White House appear to be in the rear view mirror, as the non-farm payroll report took front and center, which ZH …
Equities Drop and Pop
[Chart courtesy of MarketWatch.com] Moving the markets While we opened the session on a positive note, equities started slipping and sliding being spooked by early rumors as to who would get Gary Cohn’s job. However, that talk fell by the wayside when news headlines announced not only unlimited exemptions for Canada and Mexico from Trump’s tariffs but also allowed other …
Overnight Futures Carnage; Markets Recover And Wipe Out Losses
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets looked downright ugly last night with Dow being down over 400 points, as the fallout from Wall Street-friendly Gary Cohn’s resignation made headlines around the world. The weakness spread into today’s session early on, but by mid-day a slow and steady crawl back materialized with the Nasdaq gaining, the Dow …
Markets Resemble A Bucking Bronco
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 chart clearly demonstrates the kind of trading session we saw today with wild swings in the averages, below and above their respective trend lines, resembling a bucking bronco. In the end, the bulls notched a victory and scored modest gains. There were only two news items which created this wild …
Snapping The Losing Streak
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s drubbing, and an early morning pullback, the major indexes managed a broad-based bounce back with Wall Street traders looking past the trade war rhetoric by focusing on economic data and hope that the sell-off was overdone. Even political uncertainty in Italian elections, where a populist anti-euro party made a better-than-expected …