ETF Data updated through Thursday, August 17, 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 …
Indexes Slide But ‘Buy Signals’ Remain Intact
[Chart courtesy of MarketWatch.com] Moving the Markets Not only did the Dow’s 4-day win streak come to an end today, all 3 major indexes showed the same pattern; that is slowly deteriorating momentum throughout the session and closing at the lows. There were no green numbers to be found only varying degrees of losses. Faring the best, were International SmallCaps …
Struggling To Stay Above Water
[Chart courtesy of MarketWatch.com] Moving the Markets An early rally, ahead of the Fed minutes, fizzled after their release with the S&P 500 kissing its unchanged line before rebounding and ending up slightly in the green. The Dow and Nasdaq followed suit in similar fashion. Contributing to some turmoil was President Trump’s decision to disband his advisory panel while political …
Hugging The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the Markets Equities struggled all day to find some direction, but the session turned out to be nothing but aimless meandering around the unchanged line with the major indexes essentially remaining unchanged. SmallCaps (SCHA) fared the worst with a loss of -0.68% closely followed by MidCaps (SCHM) giving back -0.31%. On the winning side, semiconductors …
Equities In Relief Mode As Tensions Subside
[Chart courtesy of MarketWatch.com] Moving the Markets With the geopolitical tensions having been pushed hard by the MSM (Main Stream Media) last week, it’s no surprise that after the incessant jawboning waned, dip buyers appeared to ramp the indexes back towards their recent highs. The Dow turned out to be today’s laggard while the S&P 500 and Nasdaq gained solidly …
One Man’s Opinion: Why Art Cashin Is Nervous: “10% Of The Dow Has Provided 50% Of The Gains”
From Art Cashin of UBS We’ve noted over the last two weeks that the Dow Industrials have been diverging from most other indices and particularly the Dow Transports. An important part of the divergence has been the relative narrowness of the rally in the Dow. In today’s WSJ, Justin Lahart took note of the narrowness: Americans cheering the U.S. stock …