ETF Tracker StatSheet You can view the latest version here. RISING BOND YIELDS = SLIDING TECH SECTOR [Chart courtesy of MarketWatch.com] Moving the markets Again, it was the Nasdaq futures, falling as much as 2%, that predicted a sloppy opening of the regular session. That’s exactly what happened because bond yields spiked again, thereby taking the starch out of …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/11/2021
ETF Data updated through Thursday, March 11, 2021 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 …
Tech Rules For The Day
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already pointed to higher prices for the Nasdaq, which had fallen as much as 12% last week before attempting a comeback. Today, it was the leader among the major indexes sporting +2.52%, while the Dow and S&P 500 lagged with gains of +0.58% and +1.04% respectively but both hit new …
Dow Hits Record—Nasdaq Shows Signs Of Fatigue
[Chart courtesy of MarketWatch.com] Moving the markets It was a tale of two markets again with the Dow ending in record territory, while the Nasdaq, after strong early gains, fell apart and closed slightly in the red. The S&P 500 closed +0.60%, but the larger gains occurred in the value sector, namely RPV with +2.25% and IJS with +2.33%; both …
Tech Bounces Back
[Chart courtesy of MarketWatch.com] Moving the markets The tech sector was “saved” last night during futures trading when China’s Plunge Protection team tried to intervene and shore up their markets. While it helped to erase some of the early losses, it was it was not enough for a total comeback. But—it halted Monday’s tech beating, sent the US indexes higher …
Bond Yields Surge—Markets Hiccup
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated uncertainty, causing the Nasdaq to stumble, a trend that accelerated during the regular session with the index surrendering some -2.41%. This validated my thoughts of leaving the tech sector last week in favor of “value,” which so far has been the correct call. The Dow was unaffected by …