[Chart courtesy of MarketWatch.com] Moving the markets There was not much upward momentum to be found in the equities markets, as Europe set the negative tone early on with all indicators sliding into the red. The major indexes followed suit and never came close to breaking above their respective unchanged lines. The retreat came in the face of a busy …
Edging Higher On Mixed Earnings
[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering best describes today’s early part of the session, during which the major indexes, except for the Dow, hovered around their respective unchanged lines. A sudden mid-day pump not only pushed the two indexes into the green but also to a new record close. The Dow was weighed down, as poor profit …
No Market Commentary Today
Due to a variety of commitments, I will be out of the office most of the day and will not be able to write the market commentary. Regular posting will resume tomorrow. Ulli…
Battling For Direction As Earnings Season Heats Up
[Chart courtesy of MarketWatch.com] Moving the markets It was a session during which the major indexes predominantly hugged their respective unchanged lines without showing much directional preference. The exception was the Nasdaq, which benefited from strength of big-tech companies, despite the number of declining stocks outnumbering the advancing ones. That means, the drive higher was the result of the more …
ETFs On The Cutline – Updated Through 07/19/2019
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 July 19, 2019
ETF Tracker StatSheet You can view the latest version here. WALKING BACK THE TALK [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s extremely dovish words by the Fed’s mouthpiece Williams seem to have struck some raw nerves, as the Fed tried to walk back the “communications debacle.” It was like putting the toothpaste back in the tube, as William’s …