[Chart courtesy of MarketWatch.com] Moving the markets The major indexes headed south again led by continuing weakness in the tech sector. However, the Dow managed to buck the trend by ending in the green by a small margin. The S&P’s attempts to conquer the unchanged line were rebuffed, while the Nasdaq didn’t even come close to stage any kind of …
Tech Sector Slides And Leads The Decline
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the session in the red caused by a sharp decline in the tech sector (over 1%), which was its worst day since July. The downside assist came from social media executives (FB, TWTR), who testified on Capitol Hill about misinformation and the battle for truth in reporting. Not helping …
Bouncing Below The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Despite several attempts, the major indexes could not gather enough bullish momentum to break above the unchanged line and stay there. Instead, it was a see-saw session that saw the indexes ending up with minor losses. Trade tensions with Canada contributed to the uncertainties in the market as Trump threatened to “leave Canada …
ETFs On The Cutline – Updated Through 08/31/2018
Below, please find the latest High-Volume ETF 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 $5 million, …