[Chart courtesy of MarketWatch.com] Moving the markets Early hopes, that successful trade talks might be on deck during October, were dashed today when Trump criticized China in no uncertain terms during his UN speech. The result was that the early rally shifted in reverse with the pullback accelerating and pushing the major indexes deeper in the red. Things worsened when …
Stuck In A Rut
[Chart courtesy of MarketWatch.com] Moving the markets Early aimless meandering turned into a modest rally mid-day, but positive momentum faded in the end with the major indexes diving into the close with nothing to show for. It came as no surprise that defensive sectors, such as consumer staples, led for most of the day, as the ‘weaker growth’ meme was …
ETFs On The Cutline – Updated Through 09/20/2019
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 September 20, 2019
ETF Tracker StatSheet You can view the latest version here. ENDING ON A WEAK NOTE [Chart courtesy of MarketWatch.com] Moving the markets An early upturn hit the skids after a report that a Chinese delegation had canceled plans to visit farms in Montana, as part of negotiations designed to sell more farming products. Helping the positive tone early on …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/19/2019
ETF Data updated through Thursday, September 19, 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 …
Slipping And Sliding Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s “feel good” closing ramp carried over into today’s opening, as the major indexes were getting close to test new record highs. Better-than-expected housing and manufacturing data contribute to the bullish sentiment. While the S&P 500 is within 1% of its record closing high, it may not get there until next week due …