[Chart courtesy of MarketWatch.com] Moving the markets The major indexes tried to get out of their foul mood by staging an early rally, which was rebuffed with the trend for the session being predominantly sideways. The S&P 500 not only extended its losing streak for the fourth day, but also bounced around its 50-day M/A leaving …
Digging A Hole And Climbing Out Of It
[Chart courtesy of MarketWatch.com] Moving the markets The markets dug a deep hole early in the session only to stage a solid rebound mid-day with the Dow managing to crawl back above the unchanged line, while the S&P fell just short, but the Nasdaq clearly remained in the red by -0.67%. As a result, the Dow has now outperformed the …
ETF Tracker Newsletter For October 5, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10-04-2018/ SPIKING YIELDS = HEADWIND FOR EQUITIES [Chart courtesy of MarketWatch.com] Moving the markets Summing up the week best, was ZH with this final tally: Unemployment Rate at 49-year lows US Stocks – worst 2-day drop since May Small Caps, Nasdaq – biggest weekly drop in 7 months Small Caps – biggest 5-week drop since Nov 2016 …
Yield Shock Takes Down Markets As The Bond Slaughter Continues
[Chart courtesy of MarketWatch.com] Moving the markets The was no question as to what the driver was to pull the markets down in no uncertain terms. As I cautioned just yesterday, surging bond yields will affect markets eventually, and that moment arrived today as the 10-year yield catapulted towards the 3.23% level, but it eventually settled …
Equities See-Saw; Bonds Get Slaughtered
[Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen in the recent past, an early rally ran into overhead resistance, as prices slipped for the remainder of the session. However, the major indexes were able to close in the green by a fraction of a percent as the Dow scored another intra-day record. The turnaround …
Dow Scores 14th Record This Year; Smallcaps Collapse
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow managed to score not only a green close but also its 14th record of 2018, the S&P 500 and Nasdaq were the weaklings of the session and slipped slightly below their respective unchanged lines. In other parts of the world, the activity was more bearish as the China ETF FXI …