ETFs On The Cutline – Updated Through 07/24/2020 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 …
ETF Tracker Newsletter For July 24, 2020
ETF Tracker StatSheet You can view the latest version here. DIGGING A HOLE AND FAILING TO CLIMB OUT OF IT [Chart courtesy of MarketWatch.com] Moving the markets Negative sentiment was clearly present in the futures markets with US indexes falling and Chinese stocks tumbling on increased tensions between the US and China. The tit-for-tat on forcing closures of each …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/23/2020
ETF Data updated through Thursday, July 23, 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 …
Equities Stumble In Search For Direction—Gold Shines
[Chart courtesy of MarketWatch.com] Moving the markets Early weakness in equities prevailed throughout the session, but downward momentum accelerated leaving the major indexes in the red with the Nasdaq taking the brunt of the beating. As we all know, the tech sector has been on a tear, so corrections are to be expected. Look at this chart below showing the …
Aimless Meandering—Gold Reigns
[Chart courtesy of MarketWatch.com] Moving the markets For most of the session, the markets engaged in directionless wandering but, as we’ve seen many times in the past, an afternoon ramp pushed the 3 major indexes solidly in the green, while pulling the lagging Nasdaq along for the ride. Two concerns kept the indexes stuck in a range, namely fears that …
Equities Gain But Gold Soars—Buy Signals Triggered
[Chart courtesy of MarketWatch.com] Moving the markets While equities and gold usually diverge, today both gained, but the precious metal put on a superior performance with GLD adding +1.22% vs. the S&P 500s meager +0.17%. After the Nasdaq’s outstanding outing yesterday, the tech sector was due for a time out, and the index surrendered -0.81%. Market sentiment was cheerful after …