[Chart courtesy of MarketWatch.com] Moving the markets A lack of commitment to push the markets one way or the other was noticeably absent today, as the major indexes vacillated aimlessly around their respective unchanged lines. Not much was gained or lost, but the Nasdaq closed in the green. Today’s report on unemployment claims showed that 1.508 million more Americans filed …
Losing Steam
[Chart courtesy of MarketWatch.com] Moving the markets After three days of gains, the major indexes traded near their respective unchanged lines but dove into the red during the last hour. The exception was the Nasdaq, which gave up mid-day gains but ended up in the green. Contributing to the sell-off were reports that coronavirus cases were on the rise in …
Delightful Levitation
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets kept bullish momentum alive based on news that a live-saving steroid, dexamethasone, was found to cut the risk of coronavirus death by 35% for patients on ventilators, and 20% for those on supplemental oxygen without intubation. How this will turn out is everyone’s guess at this time, but it was …
Digging A Hole And Climbing Out Of It
[Chart courtesy of MarketWatch.com] Moving the markets The markets took a dive this morning with the Dow skidding some 500 points, as fears about a resurgence of Covid-19 spooked traders around the world. Analyst Graham Summers saw it this way: Stocks have fallen hard over the weekend again. The media is pinning this drop on the potential for another COVID-19 …
ETFs On The Cutline – Updated Through 06/12/2020
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 June 12, 2020
ETF Tracker StatSheet You can view the latest version here. RIDING A ROLLERCOASTER INTO THE WEEKED [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s drubbing, some sort of rebound was expected, and this is exactly what we got. However, an early 600-point gain in the Dow evaporated by mid-day with the major indexes briefly dipping into the red, …