[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes showing early weakness, as optimism about a quick passing of the fiscal stimulus bill vanished, equities ended up finding some support. That level served as springboard for a nice mid-day rally, which kept the indexes in the green. As has been the case lately, and today was no exception, …
Cooling Off
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets were mixed due to fresh tensions between China and the U.S., with uncertainty rising as progress on the coronavirus relief bill was nowhere in sight. This theme carried into the regular session where two of the major indexes headed south and never crawled back out of the red zone. The …
ETFs On The Cutline – Updated Through 12/04/2020
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 12/03/2020
ETF Data updated through Thursday, December 3, 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 …
Stimulus Optimism Boosts Equities
[Chart courtesy of MarketWatch.com] Moving the markets With both warring parties looking to find common ground for a stimulus package, demands had been considerably dropped from the original over $2 trillion to a far more modest $907 billion. Optimism prevailed early on when a more comfortable number of $600 billion was circulated. However, nothing was decided, but the markets were …
Looking For A Catalyst—And Finding It
[Chart courtesy of MarketWatch.com] Moving the markets Expectations and reality were at odds this morning when the Labor Market Index weakened yet Bond yields spiked with the 10-year trading just above 0.95% and approaching critical resistance. Sure, the weakening Labor Market Index was the result of the latest miss on ADP employment with data coming in at a disappointing 307k …