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 …
Fed Head Saves The Day
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes slipped right after the opening bell and remained below their respective unchanged lines for most of the day but ended up crawling into the green to close with modest gains. Saving the day was new Fed Head Jay Powel after uttering words like financial stability, which was music to the …
Bargain Hunting
[Chart courtesy of MarketWatch.com] Moving the markets Volatility continued today although not much was visible during the regular session. ZH remarked: Having been up almost 400 points from its Friday cash close, Dow futures plunged back into the red, amid chaotic swings and the lowest market liquidity ever seen. But that did not last as the machines dragged stocks back …
Market Dominators: Volatility And Rising Bond Yields; Dow Enters Correction; TTIs Barely Remain In Bullish Territory
[Chart courtesy of MarketWatch.com] Moving the markets As I mentioned yesterday, volatility (VIX above 35) and rising bond yields, which spiked during a weak auction and spooked equities, combined to give the bears the upper hand as the major indexes fell off a cliff with the Dow entering correction territory. ZH summed it up perfectly: As a reminder, the ‘good’ …
An Early Rally Fizzles As Bond Yields Rise
[Chart courtesy of MarketWatch.com] Moving the markets The session started out with the bullish sentiment intact from yesterday’s rebound but ended with the bears taking over causing the major indexes to close at the lows of the day. The cause was “yield creep” as rates continued their march higher with the 10-year yield climbing 5 basis points to end the …