[Chart courtesy of MarketWatch.com] Moving the markets An early ramp ran into resistance with the major indexes pulling back sharply, and the Nasdaq dipping into the red, but a mid-session bounce pulled stocks out of the doldrums and into a green close. Today’s session was a lot choppier than yesterday’s rebound. Supporting the continued bullishness was the Fed’s account of …
Climbing Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets While all three major indexes raced ahead and closed with solid gains, it was the Nasdaq, and to a lesser degree the S&P 500, which had to dig themselves out of a deep hole early in the session, as red numbers dominated. The late day pump came from none other than Fed Governor …
Markets Roll Over—Nasdaq Leads The Tumble
[Chart courtesy of MarketWatch.com] Moving the markets The bullish train kept on moving throughout the early part of the session, when suddenly the wheels came off, and the major indexes engaged in a swan dive, which was led in magnitude by none other than the Nasdaq. Of course, the tech sector has been on a relentless ramp since the March …
ETF Tracker Newsletter For July 10, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING A VOLATILE WEEK ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets This morning we saw something highly unusual in the markets, namely that the Dow and S&P quickly stormed out of an early hole, with the Nasdaq lagging, something we have not seen in a …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/09/2020
ETF Data updated through Thursday, July 9, 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 …
SCOTUS Rules Against POTUS—Markets Pull Back
[Chart courtesy of MarketWatch.com] Moving the markets An early bump in the tech sector gave way to selling, as the bears took charge of today’s session early on. Increasing coronavirus cases in Florida, Texas and California added to Wall Street’s woes with even the Nasdaq temporarily succumbing to red numbers, albeit at a lesser degree than the other major indexes. …