[Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated Fed announcement came and went. What mattered most to Wall Street traders was that Powell’s announcement was in line with expectations and contained no surprises. ZeroHedge clarified it this way: The Fed statement and economic projections saw the central bank double the pace of its asset purchase tapering to USD 30bln …
Stalling And Falling
[Chart courtesy of MarketWatch.com] Moving the markets There was simply too much uncertainty swirling around Wall Street to give the bulls any encouragement to pull the major indexes out of yesterday’s doldrums, so the bears dominated the session again. First, there was Goldman Sachs ringing the alarm bell by stating their worry about market breadth. Zero Hedge noted that it …
S&P 500 Tumbles From Its Record High
[Chart courtesy of MarketWatch.com] Moving the markets Despite the futures markets showing solid gains across the board last night, a sense of reality returned this morning, with all indexes opening to the downside. A mid-day rebound ended in disappointment, as the bears asserted some strength and pushed the major indexes towards their lows of the session. However, this really comes …
ETFs On The Cutline – Updated Through 12/03/2021
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 December 10, 2021
ETF Tracker StatSheet You can view the latest version here. PUMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering, even though above the unchanged line, turned into a late session ramp with the major indexes pushing higher, led by the S&P 500, with all three of them ending the day with solid gains. Despite a …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/09/2021
ETF Data updated through Thursday, December 9, 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 …