ETF Tracker Newsletter For April 30, 2021

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ETF Tracker StatSheet           You can view the latest version here. EQUITIES SLUMP ON LAST DAY OF APRIL [Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a weak opening with traders deciding, despite good economic data and some blockbuster earnings (Amazon) but also some disappointments (Twitter), to cash in some of their chips. As a result, …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/29/2021

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ETF Data updated through Thursday, April 29, 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 …

An Early Breakdown Followed By A Late Breakout

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[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 managed to find some footing, after a mid-day gag caused by surging bond yields, and scored another record close, powered by blowout earnings from the tech sector, namely Apple and Facebook. Despite their solid performances, the Nasdaq lagged the other two major indexes for the day by a wide margin. …

Stuck In Limbo

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[Chart courtesy of MarketWatch.com] Moving the markets While the futures were flat, the regular session opened with a bounce for the S&P 500, while the Dow and Nasdaq hovered below their respective unchanged lines. In the end, all three indexes meandered aimlessly all day and ended slightly in the red. The much-expected Fed announcement was a nothing burger with no …

Treading Water

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[Chart courtesy of MarketWatch.com] Moving the markets After having closed at record levels yesterday, the S&P 500 and Nasdaq traded aimlessly around their respective unchanged lines, with the Dow treading water as well. The Nasdaq has now finalized a rebound from its 11% correction, which began in February. Tesla shares retreated some 3% despite the company posting a record net …

Modest Advances Ahead Big Earnings Week

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[Chart courtesy of MarketWatch.com] Moving the markets Ahead of a big earnings week, two of the three major indexes managed to eke out some gains, while the Dow slid slightly into the red due to the consumer staples sector retreating over 1%. The cause was surging commodity prices, which increased inflation fears, as corn and copper, among others, reached their …