[Chart courtesy of MarketWatch.com] Moving the markets An early rally, at least for the Dow, petered out with all 3 major indexes diving into the close. The S&P 500 managed to hug its unchanged line for most of the day but succumbed to weakness in the end with the Nasdaq being the guilty party dragging down the indexes. Technology continued …
ETFs On The Cutline – Updated Through 05/07/2021
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 May 7, 2021
ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS [Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated jobs numbers turned into a huge disappointment and were downright shocking when the BLS revealed that only 266k jobs were added vs. expectations of 1 million. Worse yet was the fact that, when looking …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/06/2021
ETF Data updated through Thursday, May 6, 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 …
Dipping And Ripping
[Chart courtesy of MarketWatch.com] Moving the markets Early weakness gave way to a mid-day pump, which was followed by a date session rip with all three major indexes closing in the green. The laggard again was the Nasdaq, as “value” continued outperform “growth.” YTD, the Russell 1000 Value index has gained 17%, while the Russell 1000 Growth Index shows only …
Walking Back “The Talk”
[Chart courtesy of MarketWatch.com] Moving the markets Supporting the initial comeback bounce in the markets was Treasury Secretary Yellen, who completely reversed her hawkish talk on interest rates. ZeroHedge presented it this way: “Let me be clear it’s not something I’m predicting or recommending,” Yellen says about rates, flip-flopping her earlier perspective entirely. Then she addressed the issue of inflation, …