ETF Tracker StatSheet https://theetfbully.com/2016/12/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-12082016/ Market Commentary S&P 500 Logs In Longest Win Streak In 2 Years [Chart courtesy of MarketWatch.com] Moving the Markets Right now we appear to be on a one-way street as far as the stock market is concerned with the S&P 500 recording its longest win streak since June 2014 while the Dow notched its fifth week …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/08/2016
ETF Data updated through Wednesday, December 8, 2016 Methodology/Use of this StatSheet: From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International ETFs (section …
And the Beat Goes On
[Chart courtesy of MarketWatch.com] Moving the Markets Despite ECB’s Mario Draghi not exactly fulfilling the dreams of European traders by offering a mixed monetary policy decision via his announcement that his asset buys will be continued although at a reduced pace (from $80 billion a month to $60 billion), it did not matter. European markets rallied anyway with the German …
Reaching The Melt-Up Zone
[Chart courtesy of MarketWatch.com] Moving the Markets Even President-elect Trump’s early remarks that “I am going to bring down drug prices” couldn’t prevent the major indexes from storming into record territory with the exception being Healthcare-names as the Biotech ETF IBB got flattened by losing -2.94%. It started in Europe where, despite the worsening Italian banking crisis, which is counting …
Upward Trend Continues
[Chart courtesy of MarketWatch.com] Moving the Markets The upward trend continued in the face of potential adversity such as the Eurozone’s political uncertainty, in part caused by the outcome of the Italian referendum, which so far has been treated as a non-event despite serious monetary ramifications. The ECB is on deck this week and scheduled to announce further monetary policy …
Italy’s Referendum Defeated, But Equities Rally
[Chart courtesy of MarketWatch.com] Moving the Markets I had to laugh this morning after the Italian referendum was soundly defeated putting the Eurozone banking system in danger zone in regards to a much needed bailout of the Italian banks, but Europe stocks rallied sharply with the German Dax gaining 1.63%. As one trader remarked “Brexit took 3 days to recover …