[Chart courtesy of MarketWatch.com] 1. Moving the markets Upward momentum was conspicuously absent during this session, which had stocks drift aimlessly lower, interrupted by the occasional bounce to nowhere. The major indexes followed yesterday’s theme by slipping moderately. On the menu was the Consumer Price Index (CPI), which showed prices advancing by an expected +0.1% in April, while the cost …
An Early Rally Stalls And Runs Out Of Steam
[Chart courtesy of MarketWatch.com] 1. Moving the markets Despite another positive start to the session, equities struggled, lost traction and slid into the red, with the major indexes hugging their respective unchanged lines and closing a tad below it. Powering the markets early on were reports from China announcing plans for fresh stimulus to keep their economy running. Hope among …
Trade Tensions Drop—Equities Pop
[Chart courtesy of MarketWatch.com] Moving the markets A quick end to the Mexican tariff saga helped the major indexes to follow through from Friday’s rally with the Nasdaq taking the lead, while the Dow ended higher for the 6th straight session. Upward momentum, however, hit a glass ceiling mid-day, and we faded into the close. However, not all is peaches …
ETFs On The Cutline – Updated Through 06/07/2019
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 June 7, 2019
ETF Tracker StatSheet You can view the latest version here. BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets Never mind poor economic news such as a huge payroll miss, as only 75k new jobs were created during the month of May. That was against a consensus of 175k, so you would be thinking clearly had …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/06/2019
ETF Data updated through Thursday, June 6, 2019 Methodology/Use of this StatSheet: 1. 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. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …