ETF Data updated through Thursday, November 4, 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 …
Swinging Wildly
[Chart courtesy of MarketWatch.com] Moving the markets It was another wild ride in the markets with the Dow spending the session in the red yet closing just about unchanged. The S&P 500 and Nasdaq never dropped below their respective unchanged lines and continued their record run with the latter showing more bullish momentum than the former. The S&P produced its …
The Fed Appeases Markets
[Chart courtesy of MarketWatch.com] Moving the markets The eagerly awaited Fed announcement came and went and contained no surprises. As anticipated, the pandemic bond buying program of $120 billion/month is scheduled to be reduced by $15 billion starting 11/21 presumably due to the economy being strong enough to handle it. The Fed then gave the bulls the ultimate assist by …
Market Anticipation: The Fed Will Please
[Chart courtesy of MarketWatch.com] Moving the markets Anxiety about the upcoming Federal Reserve decision tomorrow seems to have evaporated, because equities continued their pursuit of all-time highs with the S&P 500 finishing at a record high for the third straight session, while the other two indexes set new intra-day highs. Strong earnings provided the confidence that the year-end rally will …
Bouncing Off The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early pump, which was quickly followed by a dump, the major indexes successfully battled the unchanged line, which turned out to be a springboard for a bounce into the close. In that process, the Dow and S&P 500 set new all-time highs, thereby maintaining the bullish theme into the first day …