[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 …
The Sea Of Red Continues
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s sea of red worsened today, as absolutely no bullish sentiment was found anywhere, which had the major indexes heading sharply south in one of the worst starts to a quarter since 2008. The downside leader was Transportations, which are now down 5% so far this week. In addition to Tuesday’s weak …
Markets Stagger Into A Red October
[Chart courtesy of MarketWatch.com] Moving the markets An early rally turned into a beating with the major indexes heading south all session long. The culprit was identified as downright ugly manufacturing information that had stocks and bond yields plunging. The ISM manufacturing report came in at its worst level since 2009, as the index dropped to 47.8 in September from …
Finding Some Bullish Meat On The Trade Bone
[Chart courtesy of MarketWatch.com] Moving the markets I mentioned last Friday that we would need a good trade headline to give stocks a boost. That is exactly what happened but not the way you think. There was no news in US-China trade arena, so the Trump administration came out and played down or disputed reports that they were considering blocking …
ETF Tracker Newsletter For September 27, 2019
ETF Tracker StatSheet You can view the latest version here. SLUMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets An early 100-point gain on the Dow evaporated in a hurry and turned into a 150-point loss at one point, after a report that the White House had thrown down the gauntlet by contemplating delisting Chinese stocks from …