[Chart courtesy of MarketWatch.com] Moving the markets For sure, it was a market where anything was possible. The Dow reigned supreme for most of the day, with a 300-point advance at one point, while the S&P 500 cruised slightly above its unchanged line. Gold and the tech sector plunged, with especially the former getting hurt by rising yields as bond …
Dow Dominates Markets
[Chart courtesy of MarketWatch.com] Moving the markets It was another sloppy and choppy session with the Dow being the leader, while the Nasdaq was unable to climb out of an early hole, but it trimmed some of its initial losses. The S&P struggled all day but closed in the green, while gold came off its early highs but hung on …
ETFs On The Cutline – Updated Through 08/07/2020
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 7, 2020
ETF Tracker StatSheet You can view the latest version here. DOLLAR POPS AND GOLD DROPS [Chart courtesy of MarketWatch.com] Moving the markets The declining US dollar finally showed some signs of life and rebounded causing gold, after its torrid run, to give back some of its outsized gains. It was a choppy and sloppy day in the markets with …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/06/2020
ETF Data updated through Thursday, August 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 …
Chopping Around The Unchanged Line, Then Leaping Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes meandered around their respective unchanged lines for most of the morning, when news that the State Department had lifted its global travel advisory from 4 months ago hit the wires. That was like poring gasoline on a fire, and the indexes rocketed higher for the remainder of the session and …