[Chart courtesy of MarketWatch.com] Moving the markets An early drop was followed by a mid-day pop, then momentum faded, and the Dow dove back into the red. The S&P 500 ended just about unchanged, but the Nasdaq ruled and closed in the green despite a total collapse in earnings. It appears that early optimism about the step-by-step re-opening of the …
ETFs On The Cutline – Updated Through 05/08/2020
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 322 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For May 8, 2020
ETF Tracker StatSheet You can view the latest version here. MARKETS RALLY ON HORRIFIC ECONOMIC DATA [Chart courtesy of MarketWatch.com] Moving the markets See if this makes sense to you. Today’s data released by the U.S. Labor Department (BLS) showed that we now have the worst unemployment rate since the Great Depression with 14.7%, while 20.5 million are out …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/07/2020
ETF Data updated through Thursday, May 7, 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 …
Markets Defy Economic Reality
[Chart courtesy of MarketWatch.com] Moving the markets An early 400-point gain in the Dow got cut in half, but at least all three major indexes managed a green close. Jobless claims jumped by “only” 3.2 million in early May, which traders viewed as a slowing in job losses with some States now beginning to reopen their economies. The reality is …
Dumping Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets It was a tug-of-war throughout the session, as an early rally died on the vine with two of the three major indexes diving into the red during the last 30 minutes. The exception was the Nasdaq, which managed to stay above the unchanged line but had to give up more than 50% of …