[Chart courtesy of MarketWatch.com] Moving the markets The futures markets jumped out of the gate, as Trump presented an upbeat outlook during Sunday evening’s press conference with officials in New York and Italy reporting notable declines in new cases and deaths: “We are beginning to see the glimmers of progress,” Pence said at a White House news conference on Sunday. …
ETFs On The Cutline – Updated Through 04/03/2020
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 3, 2020
ETF Tracker StatSheet You can view the latest version here. A GLOOMY JOBS REPORT PENALIZES EQUITIES [Chart courtesy of MarketWatch.com] Moving the markets It could have been a lot worse with equities churning lower today, but thanks to Monday’s surge, the weekly effect was relatively minor with the S&P 500 “only” surrendering a modest -2%, which is tiny when …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/02/2020
ETF Data updated through Thursday, April 2, 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 …
Record Initial Jobless Claims—Markets Rally
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets crashed into the red last night, despite a strong start to the session. The cause was another unprecedented surge in initial jobless claims, after last week’s record 3.3 million rise, but this week, we added 6.648 million for a two-week grand total of 10 million new people claiming unemployment benefits, …
No Bullish Meat On This Bone
[Chart courtesy of MarketWatch.com] Moving the markets As the worst quarter in history came to an end with a sell-off, the 2nd quarter started with a bang—but to the downside, leaving the always optimistic Wall Street players gasping. As Barron’s commented, today was the worst first day of a quarter—ever. That’s a lot of “worsts,” and they erased some 50% …