[Chart courtesy of MarketWatch.com] Moving the markets When markets get stuck in a tight sideways trading range, as we’ve seen over the past couple of weeks, a breakout, either to the downside or upside, will transpire sooner or later. It may not always be clear what causes such a breakout, but it occurred today with the bulls taking charge and …
Stuck In A Sideways Pattern
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes took an early dive before slowly rebounding in an attempt to crawl back above their respective unchanged lines. The S&P 500 and Nasdaq succeeded in that effort by a tiny margin, while the Dow just fell short. It was a repeat performance of what we saw all last week with …
ETFs On The Cutline – Updated Through 04/18/2019
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 …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/18/2019
ETF Data updated through Thursday, April 18, 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 …
Nearing Record Highs—On The Lowest Volume In Months
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes, led by the Dow, made another attempt at breaking into record territory but failed with upward momentum lacking. Trading volume was the lowest in months meaning there was not much conviction to drive the markets higher. The theme was a repeat of what we’ve seen over the past five trading …
Directionless Wavering
[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, …