[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, …
ETF Tracker Newsletter For August 31, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08-30-2018/ A CHOPPY END TO A GOOD MONTH [Chart courtesy of MarketWatch.com] Moving the markets You could have pretty much counted on what happened today, namely that the major indexes vacillated aimlessly around their respective unchanged lines just to make it to the closing bell. While the Dow slipped a tad, the S&P 500 and Nasdaq ended …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/30/2018
ETF Data updated through Thursday, August 30, 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 …
Sliding Into The End Of The Month
[Chart courtesy of MarketWatch.com] Moving the markets All good things must end eventually. That was the case today, as the 4-day win streak was snapped with the major indexes slipping modestly ahead of the Labor Day weekend. Sure, after scoring repeated record highs, a pause was in order, but at mid-day other factors contributed to the sudden downside acceleration. Abruptly, …