[Chart courtesy of MarketWatch.com] Moving the Markets Another effort to push equities back to levels reached prior to last Wednesday’s sell-off was successful with all three major indexes gaining for the third day in a row as the S&P 500 is now lurking within 8 points of its all-time high and is back in the green for May. However, the …
ETF Tracker Newsletter For May 19, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/05/weekly-statsheet-etf-tracker-newsletter-updated-05182017/ BULLARD PUMP DRIVES MARKETS [Chart courtesy of MarketWatch.com] Moving the Markets When all else fails, and the markets are in danger of heading south in a big way, it’s nice to know that we can always count on one of the Fed mouthpieces to create an enticing news headline, designed to be picked up by computer …
Bouncing Off The Lows
[Chart courtesy of MarketWatch.com] Moving the Markets Despite the major indexes closing at their lows of yesterday’s session, downside follow through was contained, and a rebound rally materialized but faded into the close. Nevertheless, equities managed to squeeze out some modest gains despite a bloodbath in the Brazilian stock market with EWZ getting spanked at the tune of -16.33%. Ouch! …
Dollar Slumps, Gold Pumps And Equities Dump
[Chart courtesy of MarketWatch.com] Moving the Markets I finished yesterday’s piece by stating that the current VIX level is simply unsustainable. As if by magic, the VIX suddenly exploded to the upside today spiking from 11 to 17, which is the most in 8 months and interrupting the longest period of calm for the S&P 500 since 1969. Consequently, the …
Dollar Slumps And Gold Jumps
[Chart courtesy of MarketWatch.com] Moving the Markets It was a mixed news bag as the housing recovery showed signs of “un-recovering” with Housing Starts dropping 2.6% in April after getting hammered in March with a 6.6% reduction. Not to be outdone, Building Permits joined in by tumbling 2.5% MoM, way below expectations. On the retail side, the apocalypse continued as …
Weak Global Economic Data = Markets Racing To New Highs
[Chart courtesy of MarketWatch.com] Moving the Markets The S&P 500 finally managed to break through its 2,400 glass ceiling to new all-time highs while the Nasdaq joined the fun by closing in record territory as well. Supporting actors were Johnson & Johnson, along with Cisco, both of which rallied more than 2%. Today’s gain came in the face of the …