[Chart courtesy of MarketWatch.com] Moving the Markets I did not except much market movement ahead of the Fed’s interest rate decision on Wednesday, and that’s exactly what happened as the major indexes vacillated in a tight range ending little changed on low volume. Behind the scenes, some divergence has become apparent as the number of S&P companies above their 50-day …
ETF Tracker Newsletter For March 10, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18630&preview=true STRUGGLING FOR DIRECTION [Chart courtesy of MarketWatch.com] Moving the Markets Struggling for direction was the theme only of the past week but also for today as the headline of the US adding 235k jobs in February ramped markets higher right out of the gate. Expectations of 200k were solidly beat and even the whisper expectation of …
Equities Eke Out A Small Gain; Bonds Get Clobbered
[Chart courtesy of MarketWatch.com] Moving the Markets Another directionless day with the major indexes hovering below the unchanged line but a last minute ramp helped to get us into the green thereby avoiding a 6th straight loss for the Dow. The indexes are now unchanged from Trump’s rally speech. Financial conditions remain tight with bonds having another ugly day as …
Oil Plunges; Market Weakness Continues
[Chart courtesy of MarketWatch.com] Moving the Markets It was another mixed day in the markets as encouraging news via a stronger-than-expected ADP employment report was offset by a collapse in oil prices, which got hammered at the rate of -5.38%, their biggest drop in over a year, caused by a bearish inventory report. The ADP report showed that private companies …
GDP Forecast Collapses; Are Stocks About To Follow?
[Chart courtesy of MarketWatch.com] Moving the Markets One look at the above chart and you’ll notice something that we have not seen in a long time. After the indexes spent all day below the unchanged line, the usual late afternoon ramp, which we’ve become accustomed to for a long time, did not materialize as stocks took a another dive but …
Off The Lows But Still In The Red
[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes started out the week on a negative note, rallied off the lows but did not manage to climb above the unchanged line. Setting the sour mood were news reports from N. Korea over the weekend that they had fired four ballistic missiles into the sea northwest of Japan. That was …