[Chart courtesy of MarketWatch.com] Moving the markets An early rally seemed to hit a brick wall, reversed, and headed south, but the major indexes bounced off their respective trend lines and closed the session in the green. The culprit for this reversal was the release of the Fed’s latest meeting minutes (December), which showed that the bank will continue with …
Indecision Rules
[Chart courtesy of MarketWatch.com] Moving the markets The first trading day of 2023 turned into a bit of tug-of-war between bulls and bears, as an early bounce gave way to slow and steady selling, but a last hour rebound kept the damage to a minimum. The same stand-by problems like rising rates and high inflation continued to concern traders and …
ETF Tracker Newsletter For December 30, 2022
ETF Tracker StatSheet You can view the latest version here. EQUITIES FINISH THEIR WORST YEAR SINCE 2008 WITH A SELL-OFF [Chart courtesy of MarketWatch.com] Moving the markets Despite the market’s successful attempt at staging a rally yesterday, it was not enough to overcome the weakness in equities, as the indexes simply got whiplashed with nothing to show for when …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/29/2022
ETF Data updated through Thursday, December 29, 2022 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 …
A Sea Of Red
[Chart courtesy of MarketWatch.com] Moving the markets Despite a green opening, the bulls lost control in a hurry, as the bears took over and dominated the rest of the session as if to add insult to injury to a year that is shaping up to be the worst since 2008. The S&P is now on track to close 2022 with …
Directionless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets Rising bond yields took center stage today and kept equities in a tight trading range, as the first of the last 4 days of trading in 2022 provided no ammunition for the bulls to try to end a brutal year on a positive. China’s loosening of Covid restrictions helped their stock market, but …