[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated upward equity momentum based on Friday’s jobs report (markets were closed), which generated some 916k jobs in March, was well above the expected 647k, yet it fell short of the 1.8 million whisper number. In other words, it fell into “goldilocks” territory meaning not too strong and not …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/01/2021
ETF Data updated through Thursday, April 1, 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 …
Greeting April With A Bang
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes greeted the month of April with a bang and a solid close in the green. The Dow lagged somewhat, but the S&P 500 made up for it by conquering its 4,000-milestone marker without hesitation. Tech stocks took the lead today and were powered by lower bond yields and a declining …
S&P 500 Scores Best Month Since November
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 made a valiant effort to reach its magic 4,000 mark but fell short yet scored its best month since November. Today, it seemed like the rotation was back into the tech sector with the Nasdaq popping 1.52%, while the S&P was helped higher due to its tech heavy components. Giving …
Rising Bond Yields Keep Equities In Check
[Chart courtesy of MarketWatch.com] Moving the markets An early rise in bond yields, with the 10-year touching its highest level since January 2020, sent the major indexes on a southerly path and into another hole. That seemed to have been the theme as of late, with equities scrambling to get back to their respective unchanged lines. Today was no different, …
Struggling For Altitude
[Chart courtesy of MarketWatch.com] Moving the markets Despite the major indexes climbing again out of an initial hole, with the Dow back above its unchanged line, markets were shaken up early on. The culprit was news about the multibillion-dollar family office of Archegos Capital Management, which was faced with a margin call forcing them to liquidate massive holdings in stocks …