[Chart courtesy of MarketWatch.com] Moving the markets With the benefit of hindsight, yesterday’s hope-based snap-back rally has now assumed the smell of a dead-cat bounce, with the major indexes getting hammered, as the Dow touched the commonly recognized bear market territory, which is a 20% drop from recent highs. A few headlines combined to eradicate any remaining bullish sentiment: Core …
A Snap-Back Rally Tanks And Then Recovers
[Chart courtesy of MarketWatch.com] Moving the markets Another wild roller-coaster day in the markets had the Dow up 900 points early on, after which it tanked and dipped into negative territory but then went on to rebound and reached new highs for the day, after a last hour pump, as this chart demonstrates. Not that any current issues were resolved …
Panic Selling Strikes Wall Street; The Bloodbath Continues
[Chart courtesy of MarketWatch.com] Moving the markets Watching the oil and market destructions in the future’s last night, I had a pretty good idea as to what was in store for today. The Dow plunged 2,000 points, while other indexes were down over 6% with the S&P 500 locked limit down at -5% and tumbling to -7.60% after the regular …
ETFs On The Cutline – Updated Through 03/06/2020
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 6, 2020
ETF Tracker StatSheet You can view the latest version here. STUCK IN BEAR MARKET TERRITORY [Chart courtesy of MarketWatch.com] Moving the markets Despite a concerted effort to pump the major indexes back up, after sharp declines, the result still produced red closes, but at least some of the losses were reduced. It did not prevent the Dow from having …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/05/2020
ETF Data updated through Thursday, March 5, 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 …