[Chart courtesy of MarketWatch.com] 1. Moving the Markets Despite BofA reporting its first profit increase in three quarters, it wasn’t enough to keep the markets above the unchanged line. Offsetting the positive tone were some weak economic data points in form of industrial production contracting for the 13th straight month, its longest non-recessionary streak ever. Adding to this misery was …
One Man’s Opinion: Three Reasons Why The Banking System Is Rigged Against You
By Simon Black If there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard ofmade a stunning announcement that has sweeping implications for anyone with a bank account. Dombrovskis is …
ETFs On The Cutline – Updated Through 10/13/2016
Below please find the latest High Volume ETFs Cutline report, which shows how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 366 High Volume ETFs ETFs, defined as those with an average daily volume of more than …
ETF Tracker Newsletter For October 14, 2016
ETF Tracker StatSheet ————————————————————- https://theetfbully.com/2016/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10132016/ ———————————————————— Market Commentary [Chart courtesy of MarketWatch.com] 1. Moving the Markets The day started on a positive with the major indexes bouncing higher by some 0.75% supported by stronger than expected results in the financial arena. However, economic data points were negative across the board ranging from rising producer prices (the most since 2014), retail …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/13/2016
ETF Data updated through Thursday, October 13, 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 …
Clawing Back
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities continued their downward trend following weak Chinese data but a turnaround in oil prices pulled the major indexes back up and limited the decline to -0.31% for the S&P 500. The negative catalyst was Chinese exports falling 10% in September, which was far worse than expected while imports also shrank unexpectedly. …