Tag Archives: QQQ
Climbing Out Of The Basement—Again
[Chart courtesy of MarketWatch.com] Moving the markets Stocks took an early dump to start the week, with the Dow being down at one point by 500 points, but a mid-day slow and steady rebound assisted the major indexes to slip … Continue reading
An Early Dump Followed By A Mid-Day Pump
[Chart courtesy of MarketWatch.com] Moving the markets Global markets in general collapsed early on with the Dow at one point being down over 700 points, and that only after only 1.5 hours’ worth of trading. Contributing to the sour mood … Continue reading
One-Two Punch Knocks Down Markets
[Chart courtesy of MarketWatch.com] Moving the markets As I pointed our yesterday, sudden up moves can be ephemeral in nature, and even more so when they are based on hope and hot air. This is what we saw today when … Continue reading
Posted in Market Commentary
Tagged DJIA, ETFs, IWS, IYT, QQQ, Trend Tracking Indexes
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No Trade Deal, But A Cease-Fire Propels Markets
[Chart courtesy of MarketWatch.com] Moving the markets Even poor economic data points such as Ford announcing 25k job cuts, or subprime auto loan issuance soaring, could not derail the no-deal Trump and Xi announcement from the G-20 meeting. The agreement … Continue reading
ETF Tracker Newsletter For November 30, 2018
ETF Tracker StatSheet https://www.theetfbully.com/2018/11/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-11-29-2018/ WHEN FOMO REPLACES FEAR [Chart courtesy of MarketWatch.com] Moving the markets The computer algos had a field day and drove the markets higher based on the assumption that “something could maybe possibly happen” when Trump and … Continue reading
Traders Sell The Rip
[Chart courtesy of MarketWatch.com] Moving the markets An early follow through to the upside from yesterday’s rebound ran into resistance quickly, as traders were more comfortable adopting the mantra “let’s sell the rip” rather than believing the rally had substance … Continue reading →