[Chart courtesy of MarketWatch.com] Moving the markets Another wild roller-coaster day in the markets had the Dow up 900 points early on, after which it tanked and dipped into negative territory but then went on to rebound and reached new highs for the day, after a last hour pump, as this chart demonstrates. Not that any current issues were resolved …
Panic Selling Strikes Wall Street; The Bloodbath Continues
[Chart courtesy of MarketWatch.com] Moving the markets Watching the oil and market destructions in the future’s last night, I had a pretty good idea as to what was in store for today. The Dow plunged 2,000 points, while other indexes were down over 6% with the S&P 500 locked limit down at -5% and tumbling to -7.60% after the regular …
ETF Tracker Newsletter For March 6, 2020
ETF Tracker StatSheet You can view the latest version here. STUCK IN BEAR MARKET TERRITORY [Chart courtesy of MarketWatch.com] Moving the markets Despite a concerted effort to pump the major indexes back up, after sharp declines, the result still produced red closes, but at least some of the losses were reduced. It did not prevent the Dow from having …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/05/2020
ETF Data updated through Thursday, March 5, 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 …
Down The Rollercoaster We Go; Bond Yields Collapse
[Chart courtesy of MarketWatch.com] Moving the markets If you thought current market behavior is simply nuts with each rally being followed by a collapse, you are correct. Despite a slightly rising tendency, the major trend direction is anything but clear and can change on a dime the next day. Today was no different, as the economic picture and the effects …
Shifting In Reverse; A New Rally Emerges
[Chart courtesy of MarketWatch.com] Moving the markets Despite the markets tanking yesterday, after the Fed surprise 0.5% interest rate cut, today we saw another bounce back, which in part may have been contributed by last night’s outcome of the Democratic primary vote. Or, as one analyst quipped, maybe, just maybe, Biden’s gains mean Trump more likely to win…and that sent …