Rallying into August

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[Chart courtesy of MarketWatch.com] Moving the markets Friday’s last hour rebound served as a foundation for further advances, as the major indexes did not skip a beat, opened to the upside, never looked back, and ended up scoring another green close, which greatly benefitted our current positions. Helping matters was the impact of another strong short squeeze. As we’ve seen …

ETFs On The Cutline – Updated Through 07/31/2020

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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 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …

ETF Tracker Newsletter For July 31, 2020

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ETF Tracker StatSheet           You can view the latest version here. CLOSING THE WEEK WITH A BANG [Chart courtesy of MarketWatch.com] Moving the markets After Big Tech delivered blow-out earnings after the close yesterday, the futures market had the Nasdaq up by some 2% stoking hopes that the regular cash market would follow that bullish premise. It was not meant …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/30/2020

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ETF Data updated through Thursday, July 30, 2020 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 …

Plunging Economy—Nasdaq Survives Weakness

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[Chart courtesy of MarketWatch.com] Moving the markets Early this morning, the Dow was down some 500 points, and other major indexes showed similar weakness, as the US economy plunged an enormous as well as unprecedented -32.9% in the second quarter confirming what I have said before: There is no V-shape recovery on the horizon. At best, we can hope for …

Fed Satisfies Markets

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[Chart courtesy of MarketWatch.com] Moving the markets Markets were in a bullish mood right after the opening bell and slowly ascended in anticipation of positive news from the Fed meeting. That turned out to be the case, as the Federal Reserve left benchmark interest rates unchanged and promised to provide support until the threat of further negative economic impact by …