[Chart courtesy of MarketWatch.com] Moving the Markets The major indexes zigzagged throughout the day but stayed close to the unchanged line, and that’s where we ended up with only the Nasdaq closing fractionally higher. On the front burner is much anticipation about the upcoming earnings season with some key quarterly results due out later this week. On the day, healthcare …
One Man’s Opinion: Argentina Issues 100-year Bond. What Could Possibly Go Wrong?
By Simon Black Apparently while I was in the air yesterday flying between Asia and Europe, the financial system proved once again that it believes in magic beans. The latest absurdity is that the government of Argentina sold $2.75 billion worth of bonds yesterday afternoon. It’s not strange or unusual for a government to sell bonds; it happens multiple times …
ETFs On The Cutline – Updated Through 07/14/2017
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 July 14, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/07/weekly-statsheet-etf-tracker-newsletter-updated-07132017/ WEAK DATA PROPELS INDEXES TO RECORD TERRITORY [Chart courtesy of MarketWatch.com] Moving the Markets It did not matter that consumer sentiment tumbled to its lowest since the election or that Retail sales were down -0.2% posting their weakest growth in 3 years, nor suggestions that Q2 GDP estimates might be revised sharply lower. It was simply …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/13/2017
ETF Data updated through Thursday, July 13, 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 …
Day 2 Of Yellen’s Testimony: Dow Rides Into Record Territory
[Chart courtesy of MarketWatch.com] Moving the Markets The recent trend of warnings from various Fed mouthpieces continued today with Lael Brainard commenting that “asset valuations do look a bit stretched,” another hint designed to take the starch out of upward momentum and to instill the thought that current market levels may not be sustainable. It was a nice try, but …