[Chart courtesy of MarketWatch.com] Moving the markets Follow through momentum from yesterday’s modest rebound ran into a brick wall mid-day, the bears took over and down we went with the major indexes diving decisively into the red and closing at the lowest level of June. It sure looked like an early dead-cat bounce died suddenly and selling accelerated, as sentiment …
Trade War Turmoil Keeps Markets Flat
[Chart courtesy of MarketWatch.com] Moving the markets Today, it was trade tensions that kept the markets below the unchanged line, and the bears in charge, although a rebound limited the potential losses and pushed the Nasdaq back to the breakeven point. However, the Dow dropped for the 5th straight day. Emerging markets continued their downward slide, while foreign markets in …
ETF Tracker Newsletter For June 15, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/06/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-06-14-2018/ A WILD WEEK, BUT S&P 500 ENDS UNCHANGED [Chart courtesy of MarketWatch.com] It should come as no surprise that, based on the drubbing of the foreign currency markets, as I detailed yesterday, emerging market equities could not be far behind. That materialized today, as our emerging market ETF holding pierced its trailing sell stop and was …
Emerging Markets Dump While US Dollar Pumps
[Chart courtesy of MarketWatch.com] Moving the markets If you only watched the major indexes meandering around their respective unchanged lines and closing slightly in the green, except for the Dow, you missed out on the real action in some of the emerging markets. The headlines did not cover equities but the wild activity in the foreign exchange markets (FX). The …
Financial Chaos In Italy = Dumping Equity Markets
[Chart courtesy of MarketWatch.com] Moving the markets Italy’s political turmoil, along with its banking crisis, which I alluded to last Friday, continued over the weekend and into today pushing worldwide markets to the downside. The major indexes took a hit as well but recovered slightly late in the session, which some observers thought to be an appearance by the Plunge …
Early Slide Followed By A Late Ramp
[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the major indexes were aimlessly meandering below their respective unchanged lines waiting for the release of the Fed minutes in anticipation of possible changes to interest rate policy. In a sense, that wait was rewarded as markets interpreted the FOMC minutes as “dovish” meaning that rate hikes may …