Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/30/2020

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ETF Data updated through Thursday, April 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 …

Closing A Strong April With A Whimper

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[Chart courtesy of MarketWatch.com] Moving the markets After rallying all month, the major indexes stalled today, but were able to wipe out most of March’s losses for the buy-and-hold crowd with the S&P 500 sporting its best monthly return since 1987. Of course, as we know, the rebound was entirely based on Fed support, as the markets were swamped with …

Jolting Bullish Sentiment

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[Chart courtesy of MarketWatch.com] Moving the markets Bullish sentiment got an early boost this morning after Gilead Sciences reported that a government clinical trial, designed to evaluate its experimental drug remdesivir in Covid-19 patients, had met the study’s main goal. Hopes were high for progress towards a successful treatment. That news was good for an initial 350-point jump in the …

An Early 400-Point Dow Rally Dumps Into The Red

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[Chart courtesy of MarketWatch.com] Moving the markets The current discussion amongst Wall Street strategists involves the question as to whether a test of the March lows is coming, or if investor FOMO (Fear Of Missing Out) is strong enough to keep driving the markets to ever higher levels. With the country starting to reopen slowly, traders apparently have no sense …

Crude Oil Dumps And Equities Pump

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[Chart courtesy of MarketWatch.com] Moving the markets Despite weakness in the futures markets, the computer algos went to work this morning by pushing the major indexes to another green close with the S&P 500 gaining around +1.4%, while crude oil dumped -23%. We saw two assists supporting equities. One came from a giant short squeeze causing US stocks to surge, …

ETFs On The Cutline – Updated Through 04/24/2020

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