ETF Tracker StatSheet https://theetfbully.com/2017/05/weekly-statsheet-etf-tracker-newsletter-updated-05182017/ BULLARD PUMP DRIVES MARKETS [Chart courtesy of MarketWatch.com] Moving the Markets When all else fails, and the markets are in danger of heading south in a big way, it’s nice to know that we can always count on one of the Fed mouthpieces to create an enticing news headline, designed to be picked up by computer …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/18/2017
ETF Data updated through Thursday, May 18, 2017 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 …
Bouncing Off The Lows
[Chart courtesy of MarketWatch.com] Moving the Markets Despite the major indexes closing at their lows of yesterday’s session, downside follow through was contained, and a rebound rally materialized but faded into the close. Nevertheless, equities managed to squeeze out some modest gains despite a bloodbath in the Brazilian stock market with EWZ getting spanked at the tune of -16.33%. Ouch! …
Dollar Slumps, Gold Pumps And Equities Dump
[Chart courtesy of MarketWatch.com] Moving the Markets I finished yesterday’s piece by stating that the current VIX level is simply unsustainable. As if by magic, the VIX suddenly exploded to the upside today spiking from 11 to 17, which is the most in 8 months and interrupting the longest period of calm for the S&P 500 since 1969. Consequently, the …
Dollar Slumps And Gold Jumps
[Chart courtesy of MarketWatch.com] Moving the Markets It was a mixed news bag as the housing recovery showed signs of “un-recovering” with Housing Starts dropping 2.6% in April after getting hammered in March with a 6.6% reduction. Not to be outdone, Building Permits joined in by tumbling 2.5% MoM, way below expectations. On the retail side, the apocalypse continued as …
Weak Global Economic Data = Markets Racing To New Highs
[Chart courtesy of MarketWatch.com] Moving the Markets The S&P 500 finally managed to break through its 2,400 glass ceiling to new all-time highs while the Nasdaq joined the fun by closing in record territory as well. Supporting actors were Johnson & Johnson, along with Cisco, both of which rallied more than 2%. Today’s gain came in the face of the …