ETF Tracker StatSheet https://theetfbully.com/2018/09/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-09-27-2018/ A Weak Close To A Positive Month [Chart courtesy of MarketWatch.com] Moving the markets The major indexes struggled to find some footing today, but in the end hugged the unchanged line after vacillating above and below it throughout the session. Geopolitical tensions from Italy were back in focus after the Italian coalition decided yesterday on an …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/27/2018
ETF Data updated through Thursday, September 27, 2018 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 …
Slipping Off The Mid-Day Highs
[Chart courtesy of MarketWatch.com] Moving the markets An early rally was rebuffed mid-day when bullish momentum faded, and the indexes headed south. For a while, it looked like we’d be ending up in the red again, but last hour buying halted the S&P 500’s 4-session skid, and we closed modestly in the green. Some of this weakness was a hangover …
An Early ‘Hope’ Rally Runs Out Of Steam As Fed Hikes Rates
[Chart courtesy of MarketWatch.com] Moving the markets The Fed stepped up to the plate and delivered the 3rd 25 basis point interest rate hike this year, which was widely expected but hope for ‘accommodation’ still powered an early rally that ran out of steam once reality hit the markets. The major indexes reversed course, headed south and closed marginally in …
Aimless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets The markets diverged a little bit as the Dow and S&P 500 ended up in the red, while the Nasdaq bucked the trend and closed in the green. However, aimless meandering best describes today’s session with anxiety rising ahead of the Fed’s decision on interest rates tomorrow. Ignoring the continued trade tensions between …
US/China Trade Wars Back In Focus
[Chart courtesy of MarketWatch.com] Moving the markets If you followed the news over the weekend, you would have gotten a pretty good indication as to today’s market direction. Trade war talk made the headlines Saturday morning as Trump’s fresh round of tariffs caused a reaction from the Chinese, as they now refused to send two delegations to Washington while elaborating …