[Chart courtesy of MarketWatch.com] Moving the markets The winning steak continued and was supported by increased hopes that a Russian-Ukraine ceasefire may be on deck, despite the warring parties saying that they are not close to deal. Phrases like “nothing is agreed upon, unless everything is agreed upon,” took the starch out of the early bounce by mid-day, but the …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets An early drop in the markets found a bottom and suddenly reversed after the Financial Times posted an article claiming this: Russia is no longer requesting Ukraine be “denazified” and is prepared to let Kyiv join the European Union if it remains militarily non-aligned as part of ongoing ceasefire negotiations. The draft ceasefire …
ETF Tracker Newsletter For March 25, 2022
ETF Tracker StatSheet You can view the latest version here. CLIMBING A WALL OF WORRY [Chart courtesy of MarketWatch.com] Moving the markets Given the news events this week, it has become clear that markets have simply disconnected from reality and therefore were able to climb a wall of worry. Here’s why: The war in Ukraine continues The Fed is …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/24/2022
ETF Data updated through Thursday, March 24, 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 …
Ignoring Reality
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s drubbing, short-term market direction reversed again with the major indexes recovering just about all of Wednesday’s losses. A drop in jobless claims to the lowest in decades provided the backdrop and gave confidence that the economic recovery remains on track, despite much evidence to the contrary. Hope that a ceasefire …
Stalling And Falling
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rebound ran into a brick wall this morning with the major indexes getting stuck below their respective unchanged lines throughout the session. The usual afternoon ramp-a-thon was conspicuously absent leaving stocks no choice but to drop into a sinkhole. For sure, the path of least resistance was down, with not only a …