[Chart courtesy of MarketWatch.com] Moving the markets Despite disappointing results from Boeing and Caterpillar, the markets managed an early ramp higher but were not able to sustain it, as a slow deterioration of upward momentum pulled the major indexes back below the unchanged line. Traders had one eye on the Brexit developments, where the latest parliamentary vote eased concerns about …
Touching The Glass Ceiling—And Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets It sure was a day consisting of mixed reports and, as much as I searched, I could not find a reason that might have supported the early rally. Of course, the latest earnings reports took center stage, but it seemed the disappointing results from McDonalds, Travelers and UPS were overpowering the positive ones. …
Edging Higher; S&P Reclaims The 3,000 Level
[Chart courtesy of MarketWatch.com] Moving the markets The markets edged higher to start the week with Boeing being a drag on the Dow capping the gains by some 100 points. The S&P 500 managed to finally hold above its 3,000 level but is now homing in on overhead resistance lurking at around 3,020. Then index also has failed to close …
ETF Tracker Newsletter For October 18, 2019
ETF Tracker StatSheet You can view the latest version here. GLOBAL GROWTH FEARS STOP BULLISH MOMENTUM [Chart courtesy of MarketWatch.com] Moving the markets This is an early and short version of Friday’s commentary, since I will be tied up this afternoon. The markets are still open and will be for another 3.5 hours. We saw early weakness in part …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/17/2019
ETF Data updated through Thursday, October 17, 2019 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 …
S&P 500 Struggles With The 3,000 Level—Brexit Deal Looms
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes edged higher early on, as the S&P500 fought hard to reclaim its 3,000-milestone marker. The index fluctuated all day slightly around that level but ended up slightly below it. Helping the bullish enthusiasm were news of a potential Brexit deal, which turned out to be more of a rumor than …