[Chart courtesy of MarketWatch.com] Moving the Markets It’s hard to put the market action of the past 24 hours into words. As Trump’s election victory became apparent last night, volatility shifted into overdrive and stock futures headed sharply south triggering the “limit down” trading stop after having lost 5%. For sure, you thought today would have turned into a bloodbath …
Wall Street Is Betting On A Clinton Win
[Chart courtesy of MarketWatch.com] Moving the Markets It was one of the worst kept secrets on Wall Street: Traders prefer a Clinton victory. Yesterday’s rally continued today, although far more cautiously, as the investment community sees the former secretary of state as a status quo candidate, a much preferred choice. It implies that alleged stability in the markets, aka the …
Markets In Rally Mode Thanks To FBI Flip-Flop
[Chart courtesy of MarketWatch.com] Moving the Markets After 9 straight losing sessions, the markets shifted into high gear right out of the starting blocks to stage the best rally in 8 months. The reason was that FBI chief Comey decided that he would not press criminal charges against Hillary Clinton after just having re-opened the case 9 days ago. This …
ETF Tracker Newsletter For November 4, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11032016/ ———————————————————— Market Commentary Major Indexes Post 9-Day Losing Streak; Domestic TTI Remains A Tad Below The Line [Chart courtesy of MarketWatch.com] Moving the Markets The markets meandered above the unchanged line for most of the day, giving the illusion of a rebound, but weakness set in towards the end of the session, and the indexes …
S&P Losing Streak Extends To 8 Days; Domestic TTI Slips A Tad Below Its Trend Line
[Chart courtesy of MarketWatch.com] Moving the Markets The market environment is getting shaky with the S&P now down 8 days in a row, which is the longest losing streak since Lehman collapsed in 2008. So, it’s no surprise that the volatility index (VIX) shared this dubious record by having rallied for 8 straight days, which is only the 3rd time …
Fed Can’t Save The Market From Sliding; Domestic TTI Inches Towards “Sell” Signal
[Chart courtesy of MarketWatch.com] Moving the Markets Even the Fed with their announcement of leaving interest rates unchanged could not prevent the major indexes from slipping for the 7th day in a row, which represents their longest losing streak in 5 years. However, when looking at the actual numbers it translates to a loss of only -2.5% for the S&P …