[Chart courtesy of MarketWatch.com] Moving the markets It was a tale of two markets again with the Dow ending in record territory, while the Nasdaq, after strong early gains, fell apart and closed slightly in the red. The S&P 500 closed +0.60%, but the larger gains occurred in the value sector, namely RPV with +2.25% and IJS with +2.33%; both …
Tech Bounces Back
[Chart courtesy of MarketWatch.com] Moving the markets The tech sector was “saved” last night during futures trading when China’s Plunge Protection team tried to intervene and shore up their markets. While it helped to erase some of the early losses, it was it was not enough for a total comeback. But—it halted Monday’s tech beating, sent the US indexes higher …
Bond Yields Surge—Markets Hiccup
[Chart courtesy of MarketWatch.com] Moving the markets The futures markets already indicated uncertainty, causing the Nasdaq to stumble, a trend that accelerated during the regular session with the index surrendering some -2.41%. This validated my thoughts of leaving the tech sector last week in favor of “value,” which so far has been the correct call. The Dow was unaffected by …
ETFs On The Cutline – Updated Through 03/05/2021
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 5, 2021
ETF Tracker StatSheet You can view the latest version here. WHEN GOOD NEWS IS BAD NEWS—OR MAYBE NOT? [Chart courtesy of MarketWatch.com] Moving the markets Another wild ride in the markets turned out to be positive, after an early pump was followed by a huge dump, which then formed the base to be a springboard for the ramp into …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/04/2021
ETF Data updated through Thursday, March 4, 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 …