[Chart courtesy of MarketWatch.com] Moving the markets The futures started things out by rallying sharply based on Europe data showing new corona virus cases growing at the slowest rate in months. That was followed by the US markets jumping right after the opening bell, because of drug maker Moderna announcing positive early results from its first human trial of its …
ETFs On The Cutline – Updated Through 05/15/2020
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 May 15, 2020
ETF Tracker StatSheet You can view the latest version here. A DOWN WEEK ENDS IN THE GREEN [Chart courtesy of MarketWatch.com] Moving the markets Another rollercoaster day, which had equities tumbling into the red after the opening bell but, as if by magic, an afternoon ramp pushed major indexes back to a green close. Nevertheless, we saw their worst …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/14/2020
ETF Data updated through Thursday, May 14, 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 …
Bounce Back Thursday
[Chart courtesy of MarketWatch.com] Moving the markets The Dow managed to recover from a sharp opening tumble of some 400 points to reverse and close higher by 377 points, which makes this an intra-day range of almost 800 points. The other two major indexes followed a similar pattern but lagged in magnitude and performance. That means we’re back to where …
Slumping And Dumping
[Chart courtesy of MarketWatch.com] Moving the markets An early market slump turned into a full-blown dump, as it appeared that the major indexes were struck by a dose of reality and, for a change, the headline scanning computer algos interpreted bad news as bad news. Even though we saw a last 30-minute pump, it only reduced the amount of damage …