[Chart courtesy of MarketWatch.com] Moving the markets The Dow and the S&P 500 started the session in the red, bounced around their unchanged lines but could not muster enough upward momentum to achieve a green close. The Nasdaq, on the other hand, never slipped into the read and closed +0.68%, which was off its intra-day high. The Dow slumped all …
ETFs On The Cutline – Updated Through 08/28/2020
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 August 28, 2020
ETF Tracker StatSheet You can view the latest version here. BOND YIELDS DROP, DOLLAR PUKES, GOLD SURGES [Chart courtesy of MarketWatch.com] Moving the markets The futures markets showed continued bullish momentum with the S&P 500 racing past a new milestone marker, namely its 3,500 level, above which it eventually closed thanks to the last hour ramp during the regular …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/27/2020
ETF Data updated through Thursday, August 27, 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 …
Bobbing And Weaving
[Chart courtesy of MarketWatch.com] Moving the markets All eyes were on the Fed’s two-year review of their policy framework with the focus being on their new idea of AIT (Average Inflation Target), which allows for periods when inflation could run hotter to make up for periods when it falls below the target with an averaged being 2% annually. Here are …
Nasdaq Scores A Chest-Pounding Gain
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat from yesterday, the S&P 500 and Nasdaq surged to new highs with the latter sporting an impressive gain of +1.73% while the former trailed but logged in a solid +1.02%. The Dow fell short and lagged again, but gold put on an impressive performance as well. News of progress of …