[Chart courtesy of MarketWatch.com] Moving the markets Another roller coaster day saw the major indexes fluctuate wildly with an initial rally being wiped out, which pushed the Dow and S&P 500 briefly in the red. The Nasdaq managed to stay in the green and then ripped to new intra-day highs late in the session, as all indexes joined in the …
Shifting In Reverse; An Early Rally Skids
[Chart courtesy of MarketWatch.com] Moving the markets An early one-sided rally, dominated by the Nasdaq, lost momentum with all 3 major indexes hitting the skids and closing lower. The Nasdaq held up the best, while the Dow fared the harshest, but all closed at their worst levels of the session. Saving the day was gold, which not only reclaimed its …
Technology Rules
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes greeted the first full week of July with a bang after the 3-day Holiday weekend, during which we were bombarded with news of more outbreaks of the coronavirus everywhere, as well as mass shootings. None of that mattered this morning, as the bullish theme prevailed right after the opening bell …
ETFs On The Cutline – Updated Through 07/02/2020
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 …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/02/2020
ETF Data updated through Thursday, July 2, 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 …
Fading Into The Weekend
[Chart courtesy of MarketWatch.com] Moving the markets An early 400-point rally in the Dow bit the dust, as the major indexes faded towards the close but managed to end up in the green for the 4th session in a row. Driving the initial gains were better than expected employment numbers of 4.8 million new jobs in June created vs. expectations …