[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a strong opening, which is exactly how things played out. The major indexes roared out of the gate with all three of them displaying solid gains, but the leader was the Nasdaq by showing off with an advance of +1.55%. Last week’s weakness was shoved in the rear-view …
ETFs On The Cutline – Updated Through 08/20/2021
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 20, 2021
ETF Tracker StatSheet You can view the latest version here. A POSITIVE CLOSE ENDS A DOWN WEEK [Chart courtesy of MarketWatch.com] Moving the markets After Monday’s bounce, it was all downhill, although moderately, but today the bulls found their mojo again with the major indexes staging a broad recovery lead by the Nasdaq’s 1.19% charge. It was a positive …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/19/2021
ETF Data updated through Thursday, August 19, 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 …
Searching For Clarity And Direction
[Chart courtesy of MarketWatch.com] Moving the markets On deck today were the Fed minutes from the July meeting, which disclosed what everyone already knew, namely that discussions about a possible reduction of its monthly $120 billion bond buying program had already happened. Here’s what the minutes said: Looking ahead, most participants noted that, provided that the economy were to evolve …
Stocks Dump—Where’s The Afternoon Pump?
[Chart courtesy of MarketWatch.com] Moving the markets An early dump in the markets was not followed by the usual afternoon pump, as a meager rebound attempt failed to make up for the early losses. Contributing to the sour mood were declining retail sales, as the artificial boom created by almost 18 months of “stimmy checks” had worn off. Other econ …