[Chart courtesy of MarketWatch.com] Moving the markets An early rally bit the dust, with the major indexes not being able to sustain the initial bullish momentum. The losses were small, less than 0.25%, and the Nasdaq ended just about unchanged. Amazon came under pressure after a DC attorney launching a lawsuit on antitrust grounds, which, by affiliation, affected the entire …
Recapturing Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, the bulls took charge, after having lost the momentum battle last week, with the major indexes climbing solidly led by the embattled tech sector. Positive news about the continued economic reopening provided the ammunition for the Nasdaq to advance solidly after the recent spanking. Throughout the session, there …
ETFs On The Cutline – Updated Through 05/21/2021
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 21, 2021
ETF Tracker StatSheet You can view the latest version here. STRUGGLING TO MAINTAIN ALTITUDE [Chart courtesy of MarketWatch.com] Moving the markets Despite some analysts’ expectations for a sharp increase in volatility due to options expirations today, where anything is possible, this session turned out to be better than expected. The major indexes opened higher but slowly lost their upside …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/20/2021
ETF Data updated through Thursday, May 20, 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 …
Cautiously Advancing
[Chart courtesy of MarketWatch.com] Moving the markets After three days of losses, the major indexes found some footing which, despite some ups and downs, provided enough upward momentum to ensure a green close. For a change, the Nasdaq led the way with a solid, yet long overdue rebound of 1.77%. On the economic front, we learned that first-time claims for …