[Chart courtesy of MarketWatch.com] Moving the markets It was a weak Wednesday with the major indexes wandering aimlessly after the release of the Fed’s Beige book showed that “economic activity grew at a slight-to-moderate pace” in March and early April. Upward pressure on wages indicated a tight labor market, however, retail and auto sales were sluggish. Speaking of the former, …
Stumbling Towards Record Highs
[Chart courtesy of MarketWatch.com] Moving the markets An early rally petered out as the S&P 500 slowly but surely drifted towards its unchanged line and suddenly dropped below it. However, thanks to a last minute levitation, the index managed to crawl back above it to close fractionally in the green. The other two major indexes showed a little more staying …
Spooked By The Banks
[Chart courtesy of MarketWatch.com] Moving the markets An early drop below the unchanged lines had the major indexes on the defensive right after the opening bell. After Friday’s decent start to the earning season, Goldman Sachs and Citi Group underwhelmed with their report cards. With these two institutions being banking powerhouses, investors were disappointed as those two were expected to …
ETFs On The Cutline – Updated Through 04/12/2019
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 322 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For April 12, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/04/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-04-11-2019/ Bank Earnigns Stoke Markets [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s uneasiness about the upcoming earnings season vanished this morning, as healthy results by JP Morgan boosted confidence in the economy in general, at least that’s how the computer algos reacted. On the other side, Wells Fargo’s results were in line, but the mortgage side …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/11/2019
ETF Data updated through Thursday, April 11, 2019 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 …