[Chart courtesy of MarketWatch.com] Moving the markets Despite a bullish start to open the first day of trading in June, the major indexes lost their early upward momentum throughout the day. The S&P 500 and Nasdaq dropped below their respective unchanged lines, bounced back, but still ended up slightly in the red, while the Dow stayed in the green. In …
ETFs On The Cutline – Updated Through 05/28/2021
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 May 28, 2021
ETF Tracker StatSheet You can view the latest version here. S&P 500 NOTCHES A 4TH STRAIGHT WINNING MONTH [Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen before, an early bounce hit the skids mid-day and accelerated towards the end, however, the major indexes managed to eke out a green close with the S&P 500 scoring its 4th …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/27/2021
ETF Data updated through Thursday, May 27, 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 …
Battling For Altitude
[Chart courtesy of MarketWatch.com] Moving the markets After an early rally, the major indexes spent the remainder of the session struggling to maintain their gains but were not able to with prices slipping and the Nasdaq dipping into the red. However, the Dow and S&P 500 were able to advance modestly. Better-than-expected Initial Jobless Claims provided the ammunition for the …
Clinging To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce, much of the gains were given back during the session with only the Nasdaq staying solidly in the green, while the other two major indexes clung to their respective unchanged lines. The theme remained the same as those stocks, which are closely connected to the economic reopening, benefitted the …