By Graham Summers If you’ve been reading us for some time, you’ve probably wondered why the market keeps rallying no matter what. Time and again, stocks start to breakdown and then suddenly BOOM they erupt higher. CNBC and other financial media outlets then trot out various narratives to explain the action. “Stocks went up because the data was strong and …
ETFs On The Cutline – Updated Through 05/12/2017
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 May 12, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/05/weekly-statsheet-etf-tracker-newsletter-updated-05112017/ ECONOMIC DATA POINTS CONTINUE TO WEAKEN [Chart courtesy of MarketWatch.com] Moving the Markets The low volatility environment continued as the VIX extended its steak of closing below 11 for 15 consecutive days thereby smashing the previous record. As a result, the major indexes moved in a narrow range, mostly below the unchanged line, appearing to bounce …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/11/2017
ETF Data updated through Thursday, May 11, 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 …
Equities Skid But Dip Buyers Save The Day; Is China The Canary In The Coalmine?
[Chart courtesy of MarketWatch.com] Moving the Markets Right out of the gate, the major indexes skidded with the S&P 500 dropping -0.75% before the dip buying crowd (or was it the Fed?) stepped in to save the day. While we still closed below the unchanged line, the early losses were reduced. Nevertheless, after the almost comatose state of the markets …
Still Riding The Range
[Chart courtesy of MarketWatch.com] Moving the Markets While the Nasdaq managed to ease higher by just enough of a margin to register a new record close for the 4th straight day, the Dow slipped a tad but the S&P managed to bounce against its 2,400 glass ceiling without breaking it. The Dow suffered a bit from a stock slide in …