[Chart courtesy of MarketWatch.com] Moving the markets After rallying the past four trading days, it was time to take a breather with the major indexes traveling aimlessly around their respective trend lines. The S&P 500 closed unchanged, the Dow dropped -0.30%, while the Nasdaq managed to squeeze out +0.25%. Bonds were on the mend with the 10-year yield dropping backing …
Starting The 2nd Quarter With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets After closing out March on a positive note, April started with a bang, as the major indexes sported gains above 1%. The only fly in the ointment was a sharp spike in interest rates with the 10-bond shooting up almost 11 basis points to close at 2.5%, which kept the conservative ETFs in …
ETF Tracker Newsletter For March 29, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/03/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-03-28-2019/ ENDING THE QUARTER ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets Continued optimism about more progress with the U.S.-China trade talks moved to front and center thereby pushing concerns over slowing global economies to the sidelines, at least for the time being. Supporting the early rally was the market debut of Uber competitor …
Trade Hope Keeps The Bullish Theme Alive
[Chart courtesy of MarketWatch.com] Moving the markets An early bounce gave way to selling with the S&P 500 touching its hard fought 2,800 level, before bullish sentiment prevailed and pulled all 3 major indexes out of the doldrums and into a green close. Nevertheless, it was a choppy session with support coming from the dangling trade carrot which, on many …
Bears Trump Bulls
[Chart courtesy of MarketWatch.com] Moving the markets While the major indexes opened in the green, the time spent above their respective unchanged lines was cut short, as sellers took charge and drove equities straight south supported by lower global growth expectations. As luck would have it, things turned around mid-day, as we’ve seen many times before, and a slow but …
Optimism Helps Equities Rebound Despite Poor Econ Data
[Chart courtesy of MarketWatch.com] Moving the markets A sharp early jump in equity prices, thanks to another short squeeze, proved to be too optimistic to have staying power, so we spent the rest of the session drifting off the intraday highs. For a while it looked as if we were going to slide into the red, but thanks to sudden …