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 May 22, 2020
ETF Tracker StatSheet You can view the latest version here. RUNNING OUT OF STEAM [Chart courtesy of MarketWatch.com] Moving the markets Despite a heroic attempt to pump the market into another green close, the computer algos pushed the major indexes back toward their respective unchanged lines, but not much was gained, as the bullish theme ran out of steam …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/21/2020
ETF Data updated through Thursday, May 21, 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 …
Bouncing Below The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Sometimes you just have to laugh at some of the market idiocy. Today, we had such a moment when Moderna (MRNA), who issued a press release on Monday, which I discussed, as to how 8 healthy young people did not die when given their latest vaccine. The obvious stock pump turned into a …
Levitating Higher
[Chart courtesy of MarketWatch.com] Moving the markets Today, upbeat quarterly earnings results from Target and Lowe’s set a positive tone and sent the major indexes to 10-week highs. However, as soon as news of a bill to delist Chinese companies from the US exchanges cleared the senate, equities came off their best levels of the day. The focus remained predominantly …
Vaccine Stock Moderna Pops And Then Drops
[Chart courtesy of MarketWatch.com] Moving the markets While the jury is still out whether we’re experiencing a bear market bounce or have moved into a new bullish cycle, I was surprised to read that two-thirds of fund managers are saying we’re still in a bear market rally. I agree with that but will change my mind once our Trend Tracking …