[Chart courtesy of MarketWatch.com] Moving the Markets While the jury is still out in regards to me considering yesterday’s market ramp a “blow-off” top, today’s pullback did not come as a surprise with the major indexes having been on 12-day parabolic rampage supported by not a lot of real news to justify it. Of course, today could have been a …
WS Critic: “Trump Makes America ‘Wait’ Again”
[Chart courtesy of MarketWatch.com] Moving the Markets One of the funnier headlines I’ve seen in a while was featured by a Bloomberg writer, who in a note titled “Still No Details as Trump Makes America Wait Again” opined that, while the market was surging on a sugar high this morning, no details on how Trump plans to achieve his lofty …
Snapping The Winning Streak
[Chart courtesy of MarketWatch.com] Moving the Markets I did not expect much upside market action ahead of Trump’s speech, and that is exactly what happened. The Dow broke its 12-day record streak while all major indexes closed marginally to the downside. Not helping matters was Target’s report that profit for the quarter, including the holiday season, had fallen by an …
Dow Inches To 12th Record High Close
[Chart courtesy of MarketWatch.com] Moving the Markets The wining streak continued despite a weak opening, but the bulls were determined not to interrupt the current march towards new record highs, and mid-day the major indexes slowly crawled above the unchanged line and eked out a tiny gain; but a gain nonetheless. Throwing in an assist was President Trump when he …
ETF Tracker Newsletter For February 24, 2017
ETF Tracker StatSheet https://theetfbully.com/?p=18573&preview=true Last Hour Buying Pushes Dow To 11th Record In A Row [Chart courtesy of MarketWatch.com] Moving the Markets I simply had to laugh out loud when I saw the above chart right after the close. The indexes had spent all day below the unchanged line and it looked like a down day was in the making. …
Gold Jumps and Dollar Dumps
[Chart courtesy of MarketWatch.com] Moving the Markets Thursday turned into a whip-saw kind of a day with the three major indexes vacillating above and below their respective unchanged lines but, in the end, the algos managed to push 2 out of 3 back into positive territory. Only the Nasdaq closed in the red, predominantly caused by weakness in Tesla. Contributing …