[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 chart clearly demonstrates the kind of trading session we saw today with wild swings in the averages, below and above their respective trend lines, resembling a bucking bronco. In the end, the bulls notched a victory and scored modest gains. There were only two news items which created this wild …
Snapping The Losing Streak
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s drubbing, and an early morning pullback, the major indexes managed a broad-based bounce back with Wall Street traders looking past the trade war rhetoric by focusing on economic data and hope that the sell-off was overdone. Even political uncertainty in Italian elections, where a populist anti-euro party made a better-than-expected …
ETF Tracker Newsletter For March 2, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/03/weekly-statsheet-etf-tracker-newsletter-updated-03-01-2018/ SQUEEZING THE SHORTS SAVES THE DAY [Chart courtesy of MarketWatch.com] Moving the markets The session started out with another downside hit, but ended with a slow but steady crawl higher and above the unchanged line with only the Dow lagging to register its 4th day in a row closing in the red. The culprit, accounting for …
Trifecta Of Events Sends Markets Into Tailspin
[Chart courtesy of MarketWatch.com] Moving the markets For the third day in a row, the major indexes got spanked again notching their worst decline in some three weeks as a trifecta of events combined to give the bears the upper hand. First, there was Fed chair Powell, who has left the markets guessing how he feels about inflationary pressures by …
Equities Spike As Bond Yields Pull Back
[Chart courtesy of MarketWatch.com] Moving the markets After several failed rally attempts early last week, the bulls regained the upper hand with the major indexes advancing for the third day in a row. Fears, that the Fed might be on a rate hike binge, were alleviated when 2 of the Fed’s mouth pieces took front and center and calmed down …
Another Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat performance from yesterday, we watched an early rally lose steam and head back south below the unchanged line, when last minute buying pushed the Dow and Nasdaq higher to close in the green. However, the Nasdaq slid for the 4th day in a row. Ongoing concerns about rising inflation and …