ETF Data updated through Thursday, April 22, 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 …
Markets Puke On News Of Capital Gains Tax Doubling
[Chart courtesy of MarketWatch.com] Moving the markets A weak opening reversed quickly, as the major indexes found enough mojo to reclaim their respective unchanged lines. That is until news struck fear in the hearts of traders because of the Biden Administration’s plan for the capital gains tax to be almost doubled. Via ZH, Bloomberg explained it this way: The plan …
Two Days Of Dropping Followed By A Day Of Popping
[Chart courtesy of MarketWatch.com] Moving the markets The futures already pointed to a reversal, with the S&P switching from red to green, which continued into the regular session, as all three major indexes attempted to wipe out the losses of the past two days. As the chart above shows, there was no hesitation nor any looking back with the bulls …
Slumping Two Days In A Row
[Chart courtesy of MarketWatch.com] Moving the markets Overnight, the Japanese markets painted a gloomy picture, as Tokyo pushed for a third COVID state of emergency with new cases spiking. Full-fledged lockdowns are being considered with the IOC possibly canceling this summer’s Olympics. That gloomy mood carried over into the US markets, with major indexes opening to the downside but never …
Stumbling Off The Highs
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the week in the red and stayed there throughout the session, as it appeared that traders had lost their appetite and any buying motivation. Weakness in the tech sector did not help and, given the fact that the Dow and S&P 500 just scored new highs on Friday, it …
ETFs On The Cutline – Updated Through 04/16/2021
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 …