[Chart courtesy of MarketWatch.com] Moving the markets “Uninspiring” best describes today’s session during which we saw the Nasdaq storming ahead of the other 2 major indexes by sporting early gains of more than 1%. Mid-day, the positive vibes stopped, and the Nasdaq suddenly plunged into the red but managed to crawl out of that hole and slightly into the green. …
Conquering An Early Tumble
[Chart courtesy of MarketWatch.com] Moving the markets An early pop was shadowed by a mid-day drop, which was then followed by one more pop in the indexes with the Dow scoring another record high as economic reopening optimism prevailed. The early plunge was the result of negative news from several European countries about blood blot concerns by vaccine developer AstraZeneca. …
ETFs On The Cutline – Updated Through 03/12/2021
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 12, 2021
ETF Tracker StatSheet You can view the latest version here. RISING BOND YIELDS = SLIDING TECH SECTOR [Chart courtesy of MarketWatch.com] Moving the markets Again, it was the Nasdaq futures, falling as much as 2%, that predicted a sloppy opening of the regular session. That’s exactly what happened because bond yields spiked again, thereby taking the starch out of …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/11/2021
ETF Data updated through Thursday, March 11, 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 …
Tech Rules For The Day
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already pointed to higher prices for the Nasdaq, which had fallen as much as 12% last week before attempting a comeback. Today, it was the leader among the major indexes sporting +2.52%, while the Dow and S&P 500 lagged with gains of +0.58% and +1.04% respectively but both hit new …