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 March 27, 2020
ETF Tracker StatSheet You can view the latest version here. ENDING THE WEEK ON A SOUR NOTE [Chart courtesy of MarketWatch.com] Moving the markets After trying to dig themselves out of an early hole, the major indexes dove into the close and just about touched the lows of the day again, caused by the Fed’s announcement that it will …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/26/2020
ETF Data updated through Thursday, March 26, 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 …
Surfing The Stimulus Wave; Who Is That Elephant In The Room?
[Chart courtesy of MarketWatch.com] Moving the markets Looking at today’s news headlines, you would think we’re back to last year’s theme of “bad news is good news” for the markets. Here’s a sample of what we faced today: More Than 500k Covid-19 Cases Diagnosed Worldwide: “From 0 to 250,000 cases in 4 months. From 250,000 cases to 500,000 cases: 1 …
A Tug Of War: Fiscal Stimulus Plan Vs. Corona Virus Fears
[Chart courtesy of MarketWatch.com] Moving the markets Another strong rally lost half of its early gains late in the session, as the upbeat mood waned with some chart watchers confirming what I said yesterday, namely that big rebounds are not necessarily a sign that a bottom has been formed. More importantly, the indexes plunged into the close based on news …
Hope For A Fiscal Rescue Package Rescues Equities
[Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed a solid comeback by using nothing but hope for a $2.5 trillion stimulus package as a springboard with the Dow scoring its best percentage gain (11%+) since 1933. However, history throws a shadow on that event, if you look at this chart and become aware of what happened afterwards. …