[Chart courtesy of MarketWatch.com] Moving the markets Despite staggering around their respective unchanged lines for most of the session, a mid-day burst propelled the major indexes solidly into the green with the Nasdaq leading the charge. The S&P 500 snapped a 4-day losing streak supported by soothing words from the Fed: Traders also digested remarks by Federal Reserve Chairman Jerome …
Markets Dump—No Place To Hide
[Chart courtesy of MarketWatch.com] Moving the markets As the futures last night indicated, today would be a downer for the markets, and that’s exactly how it turned out. The Dow was down over 900 points mid-day but recovered to “only” close in the red by some -500 points. The other two major indexes slumped in similar fashion but recouped better …
ETF Tracker Newsletter For September 18, 2020
ETF Tracker StatSheet You can view the latest version here. STUMBLING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Sloppy and choppy best describes the swan dives the major indexes did today, as the S&P 500 gave up gains made early in the week and closed with a modest loss of some -0.66%. A last hour bounce …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/17/2020
ETF Data updated through Thursday, September 17, 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 …
The Roller Coaster Ride Accelerates
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday, I pointed towards more choppiness in the markets and, as if on command, we witnessed a wild roller coaster ride today. It started with a huge dump, followed by a pump to the unchanged line, which was followed by another dump and a failed last-ditch effort to get to green. The futures …
Fed Keeps Rates Unchanged—An Early Pop Is Followed By A Late Drop
[Chart courtesy of MarketWatch.com] Moving the markets The Fed did everything it could to put a positive spin on its pledge to keep rates low for the next few years: The U.S. central bank kept interest rates near zero. Members of the Fed’s policymaking committee also indicated the overnight rate could stay near zero through 2023. “With inflation running persistently …