[Chart courtesy of MarketWatch.com] Moving the markets For those hoping for a turnaround Tuesday, it did not happen, as virus headwinds continued to spread around the world. An early rebound proved to be meaningless with the downward trend remaining intact. Internationally, it was worse than domestically, with our International TTI diving below its long-term trend line by a margin large …
Apple Rattles Wall Street
[Chart courtesy of MarketWatch.com] Moving the markets Powerhouse Apple Inc. pulled the plug on Wall Street this morning, after announcing that its second quarter results may be impacted by the virus outbreak in China. This in turn stoked fears again that any potential interruptions of supply chains will have far-reaching consequences not just for worldwide economies but also the financial …
Roaring Into 2020
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes continued where they left off on the last day of 2019 and roared into 2020 with utter abundance, with all three of them gaining solidly. The entire session was supported by the bullish theme of last year, and we ended up accelerating into the close, although SmallCaps underperformed. A big …
ETF Tracker Newsletter For December 16, 2016
ETF Tracker StatSheet https://theetfbully.com/2016/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12152016/ Market Commentary Coming Off The Pre-Fed Higs [Chart courtesy of MarketWatch.com] Moving the Markets Equities slipped today as upward momentum started to wane after Tuesday’s pre-Fed rally. For the week, the S&P 500 gave back 2 points, which makes it just about an unchanged performance. Today’s weakness was the result of several events. On the economic …
Reaching The Melt-Up Zone
[Chart courtesy of MarketWatch.com] Moving the Markets Even President-elect Trump’s early remarks that “I am going to bring down drug prices” couldn’t prevent the major indexes from storming into record territory with the exception being Healthcare-names as the Biotech ETF IBB got flattened by losing -2.94%. It started in Europe where, despite the worsening Italian banking crisis, which is counting …
China Troubles Continue To Spank Wall Street
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street’s worst opening to a new year since 2008 got even uglier today when repeated waves of selling sent the Dow tumbling almost 400 points and the Nasdaq into correction territory amid a global stock rout that started when China halted trading in its market again following a 7% plunge. The …