Fading Into The End Of The Month

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[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow having had its best month since 1987, the last day of November proved to be a downer with the major indexes slumping led by the Dow with the Nasdaq holding up the best. This pretty much reflects this year’s performance when, despite the hype accompanying the Dow reaching the $30k …

ETFs On The Cutline – Updated Through 11/27/2020

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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 11/25/2020

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ETF Data updated through Wednesday, November 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 …

Pulling Back From All-Time Highs

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[Chart courtesy of MarketWatch.com] Moving the markets As could be expected, trading volumes slowed to a crawl ahead of the Thanksgiving holiday. The Nasdaq finally managed to score a winning session, handily beating the S&P 500, after having lagged over the past few weeks. On the economic side, things don’t show much improvement with the Labor Department reporting that Initial …

Hope For 2021 Recovery Stokes Markets

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[Chart courtesy of MarketWatch.com] Moving the markets More positive vaccine news coupled with newfound hope for a strong economic recovery next year and some easing of political uncertainty, although the election has not been decided yet, combined forces to propel the markets higher. A well-timed short-squeeze lent an assist again. This weighed heavily: Traders also cheered on Tuesday the increasing …

Vaccine News + Short Squeeze = Higher Stocks

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[Chart courtesy of MarketWatch.com] Moving the markets The futures markets pointed to higher equity prices, as AstraZeneca became the latest competitor in the Covid-19 vaccine creation fest saying its product would be 90% effective. News over the weekend that the first vaccine could be available within weeks after the anticipated FDA approval in mid-December helped the market continue its northerly …