[Chart courtesy of MarketWatch.com] Moving the markets The futures already indicated this day to be one for the bulls, as renewed stimulus hopes, the upcoming earnings season and just general market optimism formed the basis for another day of levitation with especially the Nasdaq receiving a nice boost of +2.6% thanks to a massive melt-up squeeze. It was the tech …
ETFs On The Cutline – Updated Through 10/09/2020
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 October 9, 2020
ETF Tracker StatSheet You can view the latest version here. STORMING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Despite Tuesday’s pullback, equities picked up steam and closed higher with the Dow sporting its best week since August, while the S&P 500 added +3.85% over the past five trading days, with the Nasdaq showing similar gains. Despite …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/08/2020
ETF Data updated through Thursday, October 8, 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 …
No market Commentary
Due to a variety of afternoon business commitments, I will not be able to write today’s market commentary. However, I will post the updated StatSheet by 6:30 pm PST. Ulli…
Bullish Tweets
[Chart courtesy of MarketWatch.com] Moving the markets So far, my guess that yesterday’s plunge might have been an outlier looks to be correct, as the markets staged a comeback rally by recouping more than yesterday’s losses. This came in part due to Trump walking back his tough talk by tweeting support for an immediate $25 billion for Airline Payroll package …