[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed saying that “aggressive action is needed” and subsequently proved it by introducing unlimited QE via purchases of $125 billion in securities every day, the markets managed to swing wildly but only “below” their respective unchanged lines. Analyst Graham Summers summed it up best: As I warned two weeks ago, the …
ETFs On The Cutline – Updated Through 03/20/2020
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 March 20, 2020
ETF Tracker StatSheet You can view the latest version here. CRASHING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce along the green side of the unchanged line, reality set in, supported by the always unpredictable quad options expirations day, sending the markets reeling—again. The major indexes were hammered, with the S&P 500 getting …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/19/2020
ETF Data updated through Thursday, March 19, 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 …
Limping Higher
[Chart courtesy of MarketWatch.com] Moving the markets Last night, the futures fluctuated wildly with that theme continuing throughout today’s trading day with the major indexes swinging around their respective moving averages. It appears that traders tried to figure out the possible consequences of the all-out “kitchen sink” approach by the global central banks. It’s hard to keep track of all …
Equities Get Crushed—Dow Loses The 20,000 Level
[Chart courtesy of MarketWatch.com] Moving the markets So much for yesterday’s rebound of “hope,” which got annihilated, as the major indexes took another step down. At one point, the Dow even lost its 19k level, while the S&P dropped below 2.3k, but both were pushed back up thanks to a bounce off their lows during the past 30 minutes. Those …