[Chart courtesy of MarketWatch.com] 1. Moving the Markets Today’s pullback certainly made yesterday’s rebound look like a dead cat bounce. Of course, you can never be sure but stocks shifted into reverse today falling sharply led by lower oil prices and weak financials. Despite Fed officials taking a more dovish stance, there appears to be a heightened level of insecurity …
Rebounding Off The Friday Lows
[Chart courtesy of MarketWatch.com] 1. Moving the Markets On Friday, I mentioned that the Fed might attempt to talk this market back up after the sharp and sudden pullback. As if on cue, three Fed govs, namely Brainard, Lockhart and Kashkari, used various venues to opine the predominantly dovish message that a rate hike might not be compelling. That’s all …
ETF Tracker Newsletter For September 9, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09082016/ ———————————————————— Market Commentary TURBULENCE CREEPING INTO MARKETS [Chart courtesy of MarketWatch.com] 1. Moving the Markets Wall Street got a big wake-up call Friday as fears on an interest rate hike were exacerbated by news from the Fed, which indicated that an interest rate hike is just around the corner. All three major indexes closed down …
Major Indexes Drift Lower
[Chart courtesy of MarketWatch.com] 1. Moving the Markets U.S. stocks slipped today as traders digested the decision by the ECB to keep interest rates unchanged and looked for fresh catalysts, as in more Fed stimulus, to propel the market higher. As analysts had expected, the European Central Bank decided to keep its key deposit rate unchanged at -0.4%, but also …
Nintendo Nudges Nasdaq Higher
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks ended mixed today, but the Nasdaq notched another record closing high after the big Apple “unveiling” event, in which the gadget maker revealed the latest version of its popular iPhone, the iPhone 7. While all the spec upgrades are tempting, the real winner today was Nintendo (NTDOY). Apparently, Nintendo plans to release a version of …
Horrific Economic Data = Higher Stock Prices
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks remained in positive territory today, even after the weakest reading on the services sector of the economy in six years, as traders returned from the long holiday weekend. It seems that Wall Street is still digesting Friday’s August jobs report (which most investors say will keep the Federal Reserve from hiking …