[Chart courtesy of MarketWatch.com] Moving the markets On the last day of the quarter, bullish sentiment shifted into overdrive following the widely held theme of the past 90 days, that a V-shape recovery is in the cards. Of course, this rebound off the March lows has nothing to do with economic progress but everything with the Fed’s reckless money printing …
Ramping Into The End Of The Month
[Chart courtesy of MarketWatch.com] Moving the markets The explosion in US Pending Home Sales was the tie breaker today after reports that New Home Sales soared, and Existing Homes Sales plunged. The computer algos went with the rebound of 44.3% vs. 19.3% expected Pending Home Sales and pushed the major indexes to a solid green close, However, it was not …
ETFs On The Cutline – Updated Through 06/26/2020
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 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For June 26, 2020
ETF Tracker StatSheet You can view the latest version here. DIVING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s late pump vanished in a hurry this morning, as the major indexes opened in the red, slipped but found some mid-day support, before diving into the close. News of spikes in coronavirus cases were the cause with …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/25/2020
ETF Data updated through Thursday, June 25, 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 …
Slumping—Then Pumping
[Chart courtesy of MarketWatch.com] Moving the markets The markets did not show us a rebound this morning, so the Domestic “Sell” signal stands—at least for the time being. We’re living in such uncertain times, that we can never be sure, nor does anybody know, if this was just one more head fake or the beginning of another devastating down trend, …