[Chart courtesy of MarketWatch.com] Moving the markets We started today’s session on a positive note when the major indexes suddenly ran into a brick wall, reversed course and headed south with a vengeance with the Dow giving up a 300 point gain and plunging 500 points. The day turned out tumultuous, after the minutes from the Fed were released, causing …
Snapping A 6-Day Win Streak
[Chart courtesy of MarketWatch.com] Moving the markets There was nothing exciting about today’s session other than a brief mid-day climb above the unchanged line, after which the major indexes hit the skids with the Dow and S&P snapping a 6-day winning streak. It’s still too early to determine if today’s action was the end of the current dead-cat bounce, as …
ETF Tracker Newsletter For February 16, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/02/weekly-statsheet-etf-tracker-newsletter-updated-02-15-2018/ COMEBACK WEEK [Chart courtesy of MarketWatch.com] Moving the markets A solid mid-day rally hit the skids, as news from Special Counsel Mueller’s indictment of 13 Russian nationals and three Russian entities, accusing them of interfering with the US elections, flashed on computer screens around the world. The major indexes dove, briefly slipped into the red but …
Equities Pump And US Dollar Dumps
[Chart courtesy of MarketWatch.com] Moving the markets The equity bounce continued for the fifth day in a row, as the major indexes started the session in the positive, then dropped below the unchanged line and subsequently surged in a V-shape type recovery without looking back to close at the highs for the day. I took the opportunity during the momentary …
Market Madness: CPI Surges, Dollar Collapses, Bond Yields Up But Stocks Rally
[Chart courtesy of MarketWatch.com] Moving the markets Sometimes you just have to laugh when you see the type of chaos in the markets that we saw today. The widely anticipated Consumer Price Index (CPI) reading came in much “hotter” than expected as it surged 0.5% in January. Consequently, bond yields spiked with the 10-year adding 8 basis points to close …
An Early Rally Fizzles As Bond Yields Rise
[Chart courtesy of MarketWatch.com] Moving the markets The session started out with the bullish sentiment intact from yesterday’s rebound but ended with the bears taking over causing the major indexes to close at the lows of the day. The cause was “yield creep” as rates continued their march higher with the 10-year yield climbing 5 basis points to end the …