ETF Tracker StatSheet https://theetfbully.com/2018/02/weekly-statsheet-etf-tracker-newsletter-updated-02-22-2018/ FINALLY—A RALLY WITH LEGS [Chart courtesy of MarketWatch.com] Moving the markets Finally, after the third attempt in as many days, the major indexes managed not only to hang on to an early rally but also to build on it by spiking late in the session and closing at the highs. This was enough to turn weekly …
Another Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat performance from yesterday, we watched an early rally lose steam and head back south below the unchanged line, when last minute buying pushed the Dow and Nasdaq higher to close in the green. However, the Nasdaq slid for the 4th day in a row. Ongoing concerns about rising inflation and …
Equities Dive As Bond Yields Spike
[Chart courtesy of MarketWatch.com] Moving the markets We started today’s session on a positive note when the major indexes suddenly ran into a brick wall, reversed course and headed south with a vengeance with the Dow giving up a 300 point gain and plunging 500 points. The day turned out tumultuous, after the minutes from the Fed were released, causing …
Snapping A 6-Day Win Streak
[Chart courtesy of MarketWatch.com] Moving the markets There was nothing exciting about today’s session other than a brief mid-day climb above the unchanged line, after which the major indexes hit the skids with the Dow and S&P snapping a 6-day winning streak. It’s still too early to determine if today’s action was the end of the current dead-cat bounce, as …
ETF Tracker Newsletter For February 16, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/02/weekly-statsheet-etf-tracker-newsletter-updated-02-15-2018/ COMEBACK WEEK [Chart courtesy of MarketWatch.com] Moving the markets A solid mid-day rally hit the skids, as news from Special Counsel Mueller’s indictment of 13 Russian nationals and three Russian entities, accusing them of interfering with the US elections, flashed on computer screens around the world. The major indexes dove, briefly slipped into the red but …
Equities Pump And US Dollar Dumps
[Chart courtesy of MarketWatch.com] Moving the markets The equity bounce continued for the fifth day in a row, as the major indexes started the session in the positive, then dropped below the unchanged line and subsequently surged in a V-shape type recovery without looking back to close at the highs for the day. I took the opportunity during the momentary …