ETF/Mutual Fund Data updated through Thursday, May 26, 2016 If you are not familiar with some of the terminology used, please see the Glossary of Terms. 1. DOMESTIC EQUITY MUTUAL FUNDS/ETFs: BUY — since 4/4/2016 Our main directional indicator, the Domestic Trend Tracking Index (TTI-green line in above chart) remains above its long term trend line (red) by +1.76% …
No Upside Follow Through On Low Volume Day
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks went nowhere and held steady as most assets decoupled and closed lower. ZH reports that USDYPY headed south as did oil, high yield bonds and Treasury yields while the major stock indexes stubbornly remained in nosebleed territory closing around the unchanged line. Volume was atrocious. Banks were a drag on the …
The Short Squeeze Continues
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets are on a 3-day run heading into the end of May and it seems that a ‘Rally Cry’ is on the tip of everyone’s tongue despite China devaluing their currency to the lowest in 5 years and the U.S. services industry tanking. So, what is driving markets higher this week? A …
Markets Storm Back With Force But No Volume
[Chart courtesy of MarketWatch.com] 1. Moving the Markets After an uneventful start to the week, markets here in the U.S. sprang back into action and posted their largest gains since early May. All three major indexes gained at least 1.20% on the day but with volume being downright atrocious, this move is suspect. The year has been volatile thus far …
Mellow Monday; GE And Bayer Making Bids; Fedspeak On Deck
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets were little changed at the closing bell as Wall Street continues to contemplate the (potential) interest rate hike in June and a lingering sluggish growth rate of the U.S. economy. While Monday was quiet overall, investors are awaiting data on April new home sales Tuesday, as well as earnings results from …
ETFs/Mutual Funds On The Cutline – Updated Through 05/20/2016
Below are the latest ETF Cutline reports, which show how far above or below their respective long-term trend lines (39 week SMA) my currently tracked ETFs/MFs are positioned. The first report covers the ETF Master List from Thursday’s StatSheet and includes 381 ETFs, of which currently 265 (last week 242) are hovering in bullish territory. The second report includes only …