[Chart courtesy of MarketWatch.com] Moving the Markets To me, today’s trading session had the look of a relief rally after last week’s sell-off, and the fact that the war mongering with N. Korea did not turn into anything more but jawboning over the Holiday weekend. The major indexes gained solidly with the S&P 500 trying to make up the losses …
ETF Tracker Newsletter For April 13, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/04/weekly-statsheet-etf-tracker-newsletter-updated-04132017/ SLIPPING, SLIDING AND GRINDING [Chart courtesy of MarketWatch.com] Moving the Markets More saber rattling rattled the markets after a 21,000 pound MOAB (Mother of all Bombs) was dropped in Afghanistan to destroy some underground ISIS facilities. At this time, it’s unknown if the damage inflicted was greater in domestic equities than in the intended targets. For …
Uncertainty Reigns; Dollar Gets Pummeled
[Chart courtesy of MarketWatch.com] Moving the Markets Uncertainty and volatility reigned supreme as Secretary of State Tillerson’s meeting in Russia initially generated a small relief rally in the dollar with bond yields shooting higher. Then the hammer came down as Trump commented on a variety of issues including China and the overvalued US dollar. That was all it took, and …
Geopolitical Uncertainty Supports Gold
[Chart courtesy of MarketWatch.com] Moving the Markets As saber rattling continues to be the topic du jour, it’s no surprise that gold has been the main beneficiary by not just being the leader YTD for 2017, but also finally conquering its 5-month glass ceiling, namely its 200-day M/A. We’ll have to wait and see if current momentum can propel gold …
Clinging To A Tiny Gain
[Chart courtesy of MarketWatch.com] Moving the Markets We started the week on a positive note when suddenly the markets took a dive below the unchanged line, crawled back above it and then closed with a tiny gain. Stocks were spooked on news reports that China had amassed some 150,000 troops along the North Korean border, which was enough to take …
ETF Tracker Newsletter For April 7, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18769&preview=true WAR MONGERING AND POOR JOBS REPORT EQUAL UNCERTAINTY [Chart courtesy of MarketWatch.com] Moving the Markets While stock futures took a dive last night after Trump’s unveiling that he ordered the US military to lob some 59 tomahawk cruise missiles into Syria, things turned around this morning as it appeared that the conflict will likely be contained—at …