[Chart courtesy of MarketWatch.com] Moving the markets Despite positive earnings from Microsoft and Google after the close yesterday, the troubles of First Republic Bank (FRC) continued today and overshadowed all news with the stock sliding another 30% on top of yesterday’s 50% dump. As I have repeatedly pointed out, there is never just one cockroach, a theory which appears to …
Breaking Out—To The Downside
[Chart courtesy of MarketWatch.com] Moving the markets I was pondering yesterday if, in the absence of a bullish driver, the markets might take the path of least resistance, which would be down. That was the case today, as the major indexes opened in the red, with the bears taking over and manhandling any bullish sentiment with utter ease, thereby assuring …
Stuck In A Holding Pattern
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat of last week’s activity, the major indexes spent most of the session vacillating near their respective unchanged lines but managed to slightly close in the green, with the Nasdaq being the exception. Earnings season, economic data, upcoming Central Bank actions, and geopolitical tensions kept traders and algos on edge causing …
ETF Tracker Newsletter For April 21, 2023
ETF Tracker StatSheet You can view the latest version here. TREADING WATER [Chart courtesy of MarketWatch.com] Moving the markets Today’s activity pretty much resembled how the markets fared during this entire week. It was a snooze fest with neither buyers nor sellers being motivated to act, with the result that the S&P 500 lost 4 points, or 0.1%. Yesterday, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/20/2023
ETF Data updated through Thursday, April 20, 2023 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …
Lacking Inspiration
[Chart courtesy of MarketWatch.com] Moving the markets It was another session during which traders adopted a “wait and see” attitude, as they digested the latest earnings reports along with their potential economic consequences. The major indexes chopped around within a narrow range and ended essentially unchanged. Even though the view that earnings have been resilient, given reduced expectations, some profit …