[Chart courtesy of MarketWatch.com] Moving the markets Market activity happened above the unchanged line today with the major indexes vacillating in bullish territory, where they closed, despite fading in the last few minutes. The reason for the late slip was nervousness about the highly anticipated summit between Trump and N. Korea’s Kim Jong Un scheduled for tomorrow. 8 of the …
ETF Tracker Newsletter For June 8, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/06/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-06-07-2018/ [Chart courtesy of MarketWatch.com] Moving the markets Despite a weak opening, the major indexes managed to gain some footing and climb above the unchanged line to close in the green. This performance was their strongest week in a quarter assisted by the biggest short squeeze in 4 months along with a low VIX. Since the start …
Tech Tumbles And Bond Yields Flash-Crash
[Chart courtesy of MarketWatch.com] Moving the markets After the 4-day winning streak, we saw a slight pullback in the major indexes, especially in the tech sector, with the Nasdaq giving back a modest -0.70%. However, the main action happened in the bond market. Following the recent rise in yields towards the psychologically important 3% level, for the 10-year bond, the …
Euphoria Rules Again
[Chart courtesy of MarketWatch.com] Moving the markets After an early morning pullback, the floodgates opened with buyers appearing in full force and pushing the major indexes higher with the Nasdaq closing at another record, while the Dow sported its best day in almost 2 months. Since there were no news to justify the run-up, the VIX was pushed down to …
Treasury Yields Rise—Stocks Follow Suit
[Chart courtesy of MarketWatch.com] Moving the markets Markets behaved today as if a world of worry had simply disappeared. Still on a positive high from Friday’s jobs reports, upward momentum led to another green session for the major indexes. The main driver was the tech sector, which posted its first record close since the middle of March. None of the …
ETF Tracker Newsletter For June 1, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/05/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-05-31-2018/ STILL STUCK IN ‘NO MAN’S LAND’ [Chart courtesy of MarketWatch.com] Moving the markets The above weekly chart demonstrates the 4-day roller coaster ride we just went through. While this clearly points to the ever present uncertainties, as perceived by the markets, the S&P 500 and the Nasdaq managed to close a tad higher, but the Dow …