[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rally continued based on hopes that a clear winner would emerge from today’s election and that a much-feared contested result could be avoided. MarketWatch saw it this way: The bounce back from the worst week since March is supported by bets former Vice President Joe Biden will beat incumbent President Donald Trump, …
Starting November With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets Prophecies about which of the two Presidential contenders would give Wall Street more of what it needs to keep the bullish dream alive, namely continued reckless money creation, prompted ZH to post this succinct summary: After reading months of ridiculously goalseeked Wall Street commentary, where first a Trump victory was the best outcome …
ETF Tracker Newsletter For October 30, 2020
ETF Tracker StatSheet You can view the latest version here. RECORD TECH SALES—STOCKS TANK [Chart courtesy of MarketWatch.com] Moving the markets As I noted yesterday, tech earnings dominated the news with quarterly sales coming in worse than expected, which soured the mood for the session with Dow being down over 400 points before cutting its losses. It was amazing …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/29/2020
ETF Data updated through Thursday, October 29, 2020 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 …
Digging A Hole And Staying In It
[Chart courtesy of MarketWatch.com] Moving the markets The markets dug themselves an early hole and never managed to climb out of it, despite several attempts. But, in the end downside momentum accelerated, and we closed at the lows for the day. The futures again pointed to weakness with Germany and France set to impose new lockdowns in addition to the …
Bouncing Like A Pinball
[Chart courtesy of MarketWatch.com] Moving the markets One look at the S&P 500 chart above shows the lack of direction and the aimless meandering that underscored today’s session with 2 of the 3 major indexes closing in the red by a small margin. If I am repeating myself, it’s only because the same issues are plaguing the markets, rising coronavirus …