ETF Data updated through Thursday, October 27, 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 …
Equities Dip As Interest Rates Spike
[Chart courtesy of MarketWatch.com] Moving the Markets Finally, at least for one day, stocks and bonds were correlated again, something we have not seen in a while, and this may be a harbinger of things to come. Bond prices dropped as yields rose and stocks headed south early on, recovered mid-day, but the rally faded into the close leaving the …
Oil Leads Equities With Pump-And-Dump Theme
[Chart courtesy of MarketWatch.com] Moving the Markets Equities started the day on a weak note when oil prices suddenly got pumped to touch the $50/barrel point before being dumped and ending the day down -1.62%. The S&P 500 followed suit but managed to limit its losses to a meager -0.17%. Apple weighed on the overall market and closed down -2.25% …
Earnings Data Wipe Out Yesterday’s Gains
[Chart courtesy of MarketWatch.com] Moving the Markets After a weak opening, the S&P 500 managed to kiss the unchanged line, but it was all downhill from there as stocks slipped from their 2-week highs made yesterday. Not helping matters was the dying Consumer Confidence bounce with the indicator sporting its biggest plunge in 11 months. The US dollar continued its …
Earnings And Acquisitions Support The Indexes
[Chart courtesy of MarketWatch.com] Moving the Markets The S&P touched a two-week high as acquisitions and mergers confirmed to some that, despite hugely elevated market levels, untapped value still exists, although that is clearly in the eye of the beholder. Expected annualized earnings are supposed to have been risen 1.1% last quarter, which is an improvement after four quarters of …
One Man’s Opinion: The Chart That Gives Citi “The Chills”
By ZeroHedge Two weeks ago, HSBC’s Murray Gunn warned of “ominous signs” exuding from the US equity markets. This weekend, Citi’s Tom Fitzpatrick confirmed the concerns exclaiming Travolta-esque “[we’ve] got chills [about the market], and they’re multiplying… and they’re losing control.” While fully realizing that you can find a lot of similar overlays if you look hard enough…this one gives …