[Chart courtesy of MarketWatch.com] Moving the markets We started the day out in the red with some economic data contributing to the slide as US factory orders fell for the second month in a row. January pending home sales managed to rebound more than expected (+4.6% vs. 1% MoM) but continued to tumble year-over-year for the 13th straight month. Then …
Struggling For Dominance
[Chart courtesy of MarketWatch.com] Moving the markets The markets were on standby this morning hanging on every word that Fed chair Powell was uttering at a congressional testimony. He confirmed that the central bank has adopted a wait-and-see approach due to some economic data having pointed to slower U.S. growth, despite a report showing an increase in consumer confidence. He …
Bouncing And Fading
[Chart courtesy of MarketWatch.com] Moving the markets An early bounce had the S&P 500 piercing its overhead resistance zone, namely the 2,800 point. However, the index was not able to hold on, as a slow and steady decline pulled equities off their lofty levels. Good thing we ran out of time, or we might have seen a red close. As …
ETFs On The Cutline – Updated Through 02/22/2019
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 February 22, 2019
ETF Tracker StatSheet https://theetfbully.com/2019/02/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-02-21-2019/ A SEA OF GREEN; TRADE TALK OPTIMISM IS ALIVE AND WELL [Chart courtesy of MarketWatch.com] Moving the markets It sure seems that complacency rules supreme when it comes to market behavior with yesterday’s bad news, when a bombardment of economic data missed, either being forgotten or at best can be seen in the rear-view mirror. Trade …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/21/2019
ETF Data updated through Thursday, February 21, 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 …