[Chart courtesy of MarketWatch.com] Moving the markets For a change, the positive mood in overnight futures trading, carried through into the regular session with equities surging out of the gate without so much as taking a pause. Turns out that after last week’s rut, some Central Banks (CBs) around the world were not taking any chances. Some doubled the amount …
ETF Tracker Newsletter For February 26, 2021
ETF Tracker StatSheet You can view the latest version here. CLOSING THE MONTH ON A WEAK NOTE [Chart courtesy of MarketWatch.com] Moving the markets Despite a slightly positive opening, the markets dropped sharply thereafter but attempted to rebound throughout the session. It was only the Nasdaq, which after some heavy drubbing early in the week, managed a green close, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/25/2021
ETF Data updated through Thursday, February 25, 2021 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 …
Bond Yields Jump And Markets Dump
[Chart courtesy of MarketWatch.com] Moving the markets I have repeatedly pointed to rising bond yields as being the big equalizer that could affect equities negatively, and that’s what happened today. For the past 2 trading days, it was the Fed & Co. issuing well placed statements thereby assisting the major indexes to overcome early bearishness. Where was the Fed head …
A Fed Assisted Bounce-Back
[Chart courtesy of MarketWatch.com] Moving the markets An early market dump received an unexpected assist, which turned into a big intraday comeback. Unlike yesterday, when Fed head Powell uttered some soothing remarks to pull equities out of a deep hole, today, the torch was passed. It was none other than Fed Gov Lael Brainard who took center stage first and …
Another Climb Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets For the past few trading sessions, it seems like I am saying the same thing every day: A positive tone in overnight trading followed by a slam down at the opening. Today was no exception, but the major indexes managed a nice comeback with only the Nasdaq remaining down by -0.50% at the …