[Chart courtesy of MarketWatch.com] Moving the markets Good earnings by consumer heavyweights Target, Lowe’s and Home Depot set the bullish mood early on and pushed equities up to a level that they sustained throughout the session. All of yesterday’s losses were wiped out with the S&P 500 closing exactly at Monday’s price. The Fed minutes did not offer any earthshaking …
Tech Sector Gets Rattled
[Chart courtesy of MarketWatch.com] Moving the markets Tech stocks took a tumble and dragged the overall market down with some damage control setting in during the last 30 minutes of the session. Global tariff fears, along with reports that the Trump administration has launched a multi-pronged anti-trust battle against big tech due to possible anti-trust violations, created enough uncertainty to …
ETF Tracker Newsletter For May 31, 2019
ETF Tracker StatSheet You can view the latest version here. TRADE WAR #2 CAUSES A SEA OF RED [Chart courtesy of MarketWatch.com] Moving the markets The markets got ambushed last night after Trump’s announcement that tariffs on Mexico will be imposed as of June 10th in order to force the country to stem the tide of the ever increasing …
Selloff In Pause Mode
[Chart courtesy of MarketWatch.com] Moving the markets For a change, the markets opened slightly to the upside, before a slow and steady decline pulled the major indexes into the red, however, a last hour buying effort saved the day and we ended up modestly in the green. While the trade war battle continued in full swing, Wall Street traders apparently …
Dropping Below Critical Support—International TTI Signals ‘Sell’
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s market dive into the close had indeed dire consequences, as the major indexes opened down without their usual morning bump. The Dow at one time had given back some 400 points but managed to recoup some of these losses late in the session, as did the S&P 500 and Nasdaq. It was …
ETF Tracker Newsletter For May 24, 2019
ETF Tracker StatSheet You can view the latest version here. STOCKS STRUGGLE TO FIND SUPPORT [Chart courtesy of MarketWatch.com] Moving the markets The entire week has been a roller coaster ride, as stocks tried to find some support but ended up on the downside with the Dow now extending its losing streak to five straight weeks, its worst one …