[Chart courtesy of MarketWatch.com] Moving the markets Supporting the initial comeback bounce in the markets was Treasury Secretary Yellen, who completely reversed her hawkish talk on interest rates. ZeroHedge presented it this way: “Let me be clear it’s not something I’m predicting or recommending,” Yellen says about rates, flip-flopping her earlier perspective entirely. Then she addressed the issue of inflation, …
Fear Of Higher Rates Spanks Markets
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s strong bullish bounce into May, the picture looked anything but warm and fuzzy this morning, when the major dropped sharply but managed to rebound off their lows, however, only the Dow climbed back into the green. The Nasdaq had its worst day since March, as fears of rising inflation, concerns of …
Surging Into May
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes, except for the Nasdaq, continued last month’s bullish theme on the first trading day of May by vacillating above their respective unchanged lines, as the Dow led with a 0.70% gain. With the continual reopening of the economy retailers benefited, also supported by New York Gov Cuomo’s announcement that most …
ETFs On The Cutline – Updated Through 04/30/2021
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 April 30, 2021
ETF Tracker StatSheet You can view the latest version here. EQUITIES SLUMP ON LAST DAY OF APRIL [Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated a weak opening with traders deciding, despite good economic data and some blockbuster earnings (Amazon) but also some disappointments (Twitter), to cash in some of their chips. As a result, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/29/2021
ETF Data updated through Thursday, April 29, 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 …