[Chart courtesy of MarketWatch.com] Moving the markets Today we experienced a market condition, which we have not seen in a while, namely not just an intra-day sell off, but also a red close of more than the occasional shocking -0.01%, at least for the Dow. Of course, I am being facetious here, but the usual end of the day ramp …
Trump-Powell Pow Wow Keep Markets Elevated
[Chart courtesy of MarketWatch.com] Moving the markets When the Fed announced a few weeks ago that it would be buying up Treasury debt to the tune of $60 billion a month, it sure sounded to everyone on Wall Street that another round of QE (Quantitative Easing) had started. However, Fed chief Powell insisted that this is “in no sense is …
ETFs On The Cutline – Updated Through 11/15/2019
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 November 15, 2019
ETF Tracker StatSheet You can view the latest version here. DRIVING THE MARKETS: TRADE HOPE AND RETAIL HEADLINE [Chart courtesy of MarketWatch.com] Moving the markets While today’s headline retail number showed a rise of +0.3% MoM, which was better than the expected +0.2%, the under the hood core number looked mixed at best by only rising +0.1% MoM vs. …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/14/2019
ETF Data updated through Thursday, November 14, 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 …
Trade Pessimism Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the markets The bouncing below the unchanged lines went on throughout the session with the major indexes having a hard time seeing green, with only the S&P 500 and Dow briefly peeking into positive territory. The cause for this lack of upward momentum turned out to be usual culprit, namely the latest trade reports casting …