ETF Tracker StatSheet You can view the latest version here. A WAVE OF TRADE OPTIMISM SPEADS ACROSS MARKETS [Chart courtesy of MarketWatch.com] Moving the markets A sea of green spread across global markets, as trade war gloom turned into euphoria on nothing but optimism that a “skinny, lite or mini” deal between the U.S. and China would be announced …
New Lipstick On The Trade Pig Lifts Markets
[Chart courtesy of MarketWatch.com] Moving the markets Well, it sure didn’t take much effort to keep the markets going, as Trump successfully dangled the trade carrot again via this tweet: “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.” While this did not …
Renewed Trade Deal Hope Sparks Rebound
[Chart courtesy of MarketWatch.com] Moving the markets It seems like yesterday’s trade jawboning between the US and China had taken on too harsh of a tone, so both parties attempted to ease festering tensions. News reports indicated that China was open to a “limited or partial tariff solution” while offering to increase purchases of agricultural products from US farmers to …
Markets In Retreat Mode As Trade Deal Hopes Crash And Burn
[Chart courtesy of MarketWatch.com] Moving the markets After the Chinese offered not much hope for a successful outcome of the upcoming trade meeting, today it was the US’s turn to up the ante by blacklisting 28 Chinese companies due to alleged human-rights violations against Muslim minorities. Should this mutual hostility fest continue, Friday’s scheduled high-level trade meeting might be over …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets An early drop was followed by a pop above the unchanged line but in the end, equities simply ran out of steam with the S&P closing at its lows for the session. Early words of hope regarding the always uncertain US-Trade relations managed to pull the markets higher, but even the often confused …
International TTI Signals ‘Sell’
I mentioned yesterday that our International Trend Tracking Index (TTI) had crossed its long-term trend line to the downside by -2.00%. This morning, it took another steep dive thereby clearly heading deeper into bear market territory, which means a ‘Sell’ signal, effective today, has been generated. As I posted at the time of the ‘Buy’, I did not participate in …