[Chart courtesy of MarketWatch.com] Moving the markets After getting pulled off its lofty level last week, the tech sector showed signs of life and built on Friday’s modest rebound by gaining +1.23% for the day. While all three major indexes ended in the green, today’s rotation was from “value” into “big-tech growth,” thereby leaving SmallCaps in the dust. ZH equated …
ETFs On The Cutline – Updated Through 03/19/2021
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 March 19, 2021
ETF Tracker StatSheet You can view the latest version here. [Chart courtesy of MarketWatch.com] Moving the markets Though the quad withing hour increased today’s volatility, it was what the Fed did not do that added to with the banking sector’s sell-off mode after two days of gains. The Fed decided not to extend “a pandemic-era capital break” for banks, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/18/2021
ETF Data updated through Thursday, March 18, 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 …
Cranking Yields = Tanking Nasdaq
[Chart courtesy of MarketWatch.com] Moving the markets Well, that did not last very long. Even though the Fed’s most dovish words yesterday were able to soothe markets and produce a bounce back from early losses, today was a different day. Bond yields suddenly surged, up 11 basis points intraday to 1.75% for the 10-year, but they came off that high …
Stimulated By The Fed
[Chart courtesy of MarketWatch.com] Moving the markets As I suggested yesterday, the Fed’s guidance on interest rates could push markets one way or another. That’s exactly what happened by stocks exploding higher, with the S&P 500 and Nasdaq having to crawl out of an early hole, after the Fed’s statement indicated more dovishness than expected. Postulated ZH: And since it …