[Chart courtesy of MarketWatch.com] Moving the markets In case you missed it or got confused by last week’s efforts by the Fed to rescue the markets via an alphabet soup of emergency measures, analyst and author Graham Summers put together an easy to understand summary: On Thursday the Fed announced a $2.3 trillion (with a “T”) monetary program. In its …
ETFs On The Cutline – Updated Through 04/09/2020
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 April 10, 2020
ETF Tracker StatSheet You can view the latest version here. Jobless Claims Surge To 17 Million—Markets Rally [Chart courtesy of MarketWatch.com] Moving the markets The shocking yet not surprising number of the day was the fact that now almost 17 million people have filed initial jobless claims—in the past 3 weeks, which implies an unemployment rate of around 13% …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/09/2020
ETF Data updated through Thursday, April 9, 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 …
Markets Salivating On Hopes Of U.S. Removing Containment Measures
[Chart courtesy of MarketWatch.com] Moving the markets Here’s an analysis of the market idiocy we saw over the past couple of trading days. A tip of the hat goes to ZeroHedge for this explanation: In a mirror image of yesterday’s last 10 minutes action, when the S&P dumped by 40 points in seconds, when a $2.4BN “market on close” (MOC) …
An 800-Point Dow Rebound Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets Signs of progress in the fight against the coronavirus in Europe and the U.S. kept yesterday’s rebound alive. Even though headlines were mixed, assumptions of a “plateauing” of the crisis prevailed on Wall Street, along with the idea that the markets are bottoming out. While that is a hopeful explanation, however, expectations that …