[Chart courtesy of MarketWatch.com] Moving the markets Despite a slow start, the S&P 500 and Nasdaq found some upward momentum late in the session and broke out of a sideways trend with the former scoring a new all-time high. Anxiety about the Consumer Price Index (CPI) faded with the index rising in March by 0.6% vs. 0.5% expectations. YoY we …
Sliding Into Earnings Season
[Chart courtesy of MarketWatch.com] Moving the markets Subdued trading best describes today’s session during which the major indexes operated within a tight range. Despite a red close, the losses were minor, and the activity resembled a lack of motivation due to key inflation data and first quarter earnings awaiting on deck. Market volatility continued to decline, as seen by the …
ETFs On The Cutline – Updated Through 04/09/2021
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 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For April 9, 2021
ETF Tracker StatSheet You can view the latest version here. LEAPING INTO THE CLOSE [Chart courtesy of MarketWatch.com] Moving the markets A last hour ramp pulled the major indexes out their sideways pattern and pushed them into a solid green close. For a change, the Dow led the pack by scoring another record high with the Nasdaq only in …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/08/2021
ETF Data updated through Thursday, April 8, 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 …
Discovering Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets After two days of aimless sideways meandering, the markets broke out to the upside although in moderate fashion. Nevertheless, it was enough of a spurt for the S&P 500 to score a new record high, while the index stopped just short of breaking through the 4,100 level. “Growth” outperformed “value” by a wide …