[Chart courtesy of MarketWatch.com] Moving the markets Stocks resumed their Ramp-A-Thon into tomorrow’s CPI report, as traders were betting that Thursday’s inflation data will present validation of a decelerating trend. Confidence reigned supreme that the Fed’s rate hikes had their planned impact and that a policy reversal might be on deck, as “the Fed will cave” story gained momentum. While …
Finding Support
[Chart courtesy of MarketWatch.com] Moving the markets After much bobbing and weaving, the major indexes found some footing and closed in the green led by the Nasdaq with a 1% gain. Upcoming economic data points and corporate earnings later this week kept the rally in check. All eyes were on Fed head Powell’s speech this morning and, as ZeroHedge pointed …
Thriving And Diving
[Chart courtesy of MarketWatch.com] Moving the markets A continuation of Friday’s rally hit a overhead resistance, with the major indexes reversing direction and plunging below their respective unchanged lines. The exception was the Nasdaq, which managed to hang on to a +0.63% gain, as traders scooped up some of the beaten-up shares like Tesla. Optimism ruled, compared to the end …
ETF Tracker Newsletter For January 6, 2023
ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets And so, the rollercoaster week has come to an end with the markets seeming to have broken out to the upside—at least for the time being. The much-awaited December jobs report was interpreted as showing signs …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/05/2023
ETF Data updated through Thursday, January 5, 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 …
Swinging The Other Way
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally of hope hit a brick wall this morning, as the markets appeared unable to string a couple of winning sessions together, thereby still being stuck trading in a broad trading range. Good news was bad news again when ADP’s private payroll report showed that 235k jobs were added in December, which …