[Chart courtesy of MarketWatch.com] Moving the markets Having been involved in the investment methodology of trend tracking for the past 30 years, I have seen my share of violent market swings in both directions. I was reminded of that when, after yesterday’s 600-point drubbing of the Dow, today’s rebound, or was it a dead-cat-bounce, recovered about 400 points. These kinds …
Chaos: Accelerating To The Downside And Diving Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets By the chart above, you would not know that we had a positive opening thanks to Boeing’s encouraging earnings report which, at the end of this session, turned into a tiny unimportant speck in the rear-view mirror. After a mid-day bounce, bearish momentum gathered strength and south we went, at first slowly and …
Dump And Pump; Dow Regains Part Of 500 Point Early Loss
[Chart courtesy of MarketWatch.com] Moving the markets Worldwide markets rode a wild roller-coaster this morning with global systemically important banking stocks crashing hard bringing back distant memories of what we saw in 2008. It appears that banks don’t have “fortress like balance sheets,” which increases the odds of more fallout to come. Global stock markets retreated in sync with the …
Wrestling For Domination
[Chart courtesy of MarketWatch.com] Moving the markets We saw another see-saw ride on Wall Street with bulls and bears engaging in a continuous battle for domination. There were no clear winners and some of the intra-day rally attempts fell short of pushing the major indexes above their respective unchanged lines. The exception was the Nasdaq, which managed to eke out …
ETFs On The Cutline – Updated Through 10/19/2018
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, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For October 19, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/10/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-10-18-2018/ BULL-BEAR STRUGGLE [Chart courtesy of MarketWatch.com] Moving the markets Bulls and bears were engaged in a tug-of-war during the entire session with the bulls showing strength early on but fading mid-day and briefly dropping into red numbers, as the bears gained the upper hand. In the end, the major indexes closed mixed and off the day’s …