It looks like I will not be able to return in time from a couple of appointments to write the market commentary. However, I will create the StatSheet later on and publish it tonight. Regular posting will resume tomorrow. Ulli…
Fed Stays The Course—Markets Pump, Dump And Pump
[Chart courtesy of MarketWatch.com] Moving the markets The Fed issued some market pleasing remarks early on sending the major indexes higher, with the S&P 500 notching another intra-day record. Fed head Powell uttered the words that traders wanted to hear, namely that they will maintain their easy monetary policies. Added CNBC: Powell said in his semiannual testimony before Congress Wednesday …
Inflation Fears Dominate Strong Earnings
[Chart courtesy of MarketWatch.com] Moving the markets An early trounce was followed by quick bounce, but upward momentum could not be sustained, and the impact of the inflation report proved to be stronger than some of the positive early earnings results. The three major indexes all closed on the red, albeit by a small percentage. For sure, the inflation numbers …
Maintaining Momentum
[Chart courtesy of MarketWatch.com] Moving the markets Despite a downside opening, the major indexes regained their upward momentum rather quickly and once climbed above their respective unchanged lines, continued their path to score another winning session. Support came from positive expectations of the upcoming earnings season, which will start later this week. For sure, some analysts are counting on blockbuster …
ETFs On The Cutline – Updated Through 07/09/2021
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 July 9, 2021
ETF Tracker StatSheet You can view the latest version here. RIP ROARING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Despite weakness during this Holiday shortened week, stocks found their upside momentum again, right after the opening bell, and went on a rampage thereby leaving the bears in the dust by scoring solid gains across the board. …