[Chart courtesy of MarketWatch.com] Moving the markets The major indexes managed to close the notoriously slow month of August on a whimper, but unscathed and with bullish momentum intact. It was a day of churning with the S&P 500 touching a new intraday high but then fading below its unchanged line. For the month, all three of them came out …
ETFs On The Cutline – Updated Through 08/27/2021
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 August 27, 2021
ETF Tracker StatSheet You can view the latest version here. DOVISH FED PROPELS MARKETS [Chart courtesy of MarketWatch.com] Moving the markets Equities received a giant boost from Fed head Powell’s statement that he supports starting to “taper bond purchases” this year, which was expected. What was not expected was his dovish tone, AKA a nothing burger, by not discussing …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/26/2021
ETF Data updated through Thursday, August 26, 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 …
Keeping The Bullish Premise Buzzing
[Chart courtesy of MarketWatch.com] Moving the markets Right now, it seems there is no stopping the bullish train with the S&P 500 taking out its 4,500 milestone for the first time, while the other two major indexes continued their winning streak as well. Bond yields rocketed higher with the 10-year climbing to 1.35%, which was the highest level since earlier …
Holding Steady
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s ramp, you could have expected some sort of pullback in the markets, but the rally continued unabated with some sell off into close, however, green numbers prevailed. Leading the charge was the Nasdaq with a gain of +0.52%. Helping the major indexes to maintain upward momentum was news that US regulators …