[Chart courtesy of MarketWatch.com] Moving the markets Despite continued trade talk optimism, the markets were not able to gain any footing and never managed to climb back above the unchanged line. Weak economic data points supported the bearish mood, but it was not enough of an early drop to keep me from executing our International ‘Buy’ signal by purchasing a …
Fed Minutes Keep Markets Wandering; International ‘Buy’ generated
[Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated Fed minutes (from their January meeting) showed that officials were divided on future interest rate hikes. One side argued that an increase might only be needed if inflation would exceed their baseline forecast. The other side thought it would be appropriate to hike later this year, if the economy behaves as …
Trade Talk Hope Keeps The Bullish Theme Alive
[Chart courtesy of MarketWatch.com] Moving the markets After briefly meandering below the unchanged line, the major indexes found some upward momentum and ended up closing modestly higher—although on very low volume. A couple of assists helped to keep the bullish theme going. First, Cleveland Fed President Mester helped the markets higher by suggesting that the Fed should pause its balance …
ETF Tracker Newsletter For February 15, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/02/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-02-14-2019/ U.S.-CHINA TRADE EUPHORIA POWERS MARKETS [Chart courtesy of MarketWatch.com] Moving the markets Hope and euphoria, that progress between the U.S. and China trade negotiators will continue, combined forces to drive the major indexes further into lofty territory. Fundamentals don’t seem to matter, and the potentially soft GDP number, in part caused by a collapse in retail …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets Equities took a hit early this morning with the Dow falling over 200 points, despite a generally optimistic view of the alleged progress made with the U.S.-China trade negotiations. Casting a dark shadow on economic fundamentals was a report showing that US retail sales had simply collapsed in December (-1.2%), which resulted in …
Extending The Winning Streak
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s bullish momentum continued through the early morning when, suddenly, the trend reversed, and equities stumbled lower. The catalyst for this turnaround came from Marco Rubio, who followed through on yesterday’s threatening tweets that he will soon be filing a bill to change the taxable status of what ZH termed “the only thing …