ETF Tracker StatSheet You can view the latest version here. RUNNING OUT OF STEAM [Chart courtesy of MarketWatch.com] Moving the markets Despite a heroic attempt to pump the market into another green close, the computer algos pushed the major indexes back toward their respective unchanged lines, but not much was gained, as the bullish theme ran out of steam …
Bouncing Below The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Sometimes you just have to laugh at some of the market idiocy. Today, we had such a moment when Moderna (MRNA), who issued a press release on Monday, which I discussed, as to how 8 healthy young people did not die when given their latest vaccine. The obvious stock pump turned into a …
Stimulus Hopes Pull Stocks Out Of The Doldrums
[Chart courtesy of MarketWatch.com] Moving the markets Equities managed a nice bounce today powered higher by news that the Trump administration asked for a $1 trillion fiscal stimulus package to mitigate the fallout effects from the coronavirus. News that the Fed moved to support the commercial paper market via providing short-term funding needs, also gave an assist and elevated sentiment. …
A Snap-Back Rally Tanks And Then Recovers
[Chart courtesy of MarketWatch.com] Moving the markets Another wild roller-coaster day in the markets had the Dow up 900 points early on, after which it tanked and dipped into negative territory but then went on to rebound and reached new highs for the day, after a last hour pump, as this chart demonstrates. Not that any current issues were resolved …
ETF Tracker Newsletter For February 28, 2020
ETF Tracker StatSheet You can view the latest version here. A BLOODBATH WEEK [Chart courtesy of MarketWatch.com] Moving the markets I thought that after the drubbing of the past few days, with us getting out of the market altogether, that a rebound might finally be in order. But no such luck, as the Dow continued swan diving by being …
Dow Surrenders An Early 400-Point Gain—Domestic TTI Goes Negative
[Chart courtesy of MarketWatch.com] Moving the markets The sudden turnaround in then markets kept me from liquidating those holdings that had come close to their trailing sell stops. It’s a known fact that sharp market drops can be followed by violent rebounds, which we saw early in the session. The only problem was that this move had the smell of …