[Chart courtesy of MarketWatch.com] Moving the markets The markets continued their bullish ways into a new week with the supporting actor being the upbeat mood caused by last week’s preliminary trade deal between the US and China. Despite of all the hysteria, many questions remain over the details of the much-hyped “phase one” accord. The Chinese were pleased, because it …
ETFs On The Cutline – Updated Through 12/13/2019
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 December 13, 2019
ETF Tracker StatSheet You can view the latest version here. SEE-SAWING BUT EKING OUT SOME TINY GAINS [Chart courtesy of MarketWatch.com] Moving the markets An early spike hit a brick wall with the S&P 500 backing off its highs and fading below the unchanged line. That came as no surprise, as the US-China trade deal saga affected market direction …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/12/2019
ETF Data updated through Thursday, December 12, 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 …
Positive Trade News Propels Equities
[Chart courtesy of MarketWatch.com] Moving the markets It’s amazing what little it takes to send the computer algos on a bullish run and in the process pushing the major indexes into record territory. Trump’s announcement that “a big deal” with China is “getting very close” and “they want it, and so do we” were the magic words that ramped equities …
Fed Pleases Markets—Sentiment Remains Cautious
[Chart courtesy of MarketWatch.com] Moving the markets As expected, the Fed left interest rates on hold but indicated that they have no plans for any changes through the end of 2020. In fact, the assessment of the economy was more upbeat, which caused market sentiment to remain cautious. Powell reiterated that the “current stance of monetary policy is appropriate” to …