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 February 5, 2021
ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS [Chart courtesy of MarketWatch.com] Moving the markets The markets were back to interpreting bad news as good news for equities. This old meme was brought to the forefront again, as a dismal January payroll report sent the major surging at first with all …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/04/2021
ETF Data updated through Thursday, February 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 …
Regaining Upward Momentum
[Chart courtesy of MarketWatch.com] Moving the markets With the benefit of hindsight, yesterday’s stagnant session turned out to be the springboard for today’s advances, during which all three major indexes scored solid gains of more than 1%. Despite last month’s stumble, the S&P 500 has come back with a vengeance and has now scored its 4th positive day in a …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets Even though the S&P 500 closed in the green for its third straight day, upward momentum took a breather with the Nasdaq slipping slightly into the red. An early bounce faded below the unchanged line, but afternoon buying perked up the indexes, however, traders did not show much enthusiasm and tried to digest …
Major Indexes Pop
[Chart courtesy of MarketWatch.com] Moving the markets Traders felt a little more at ease this morning, as the GameStop trading slugfest continued to reverse course, at least for the time being. This formed the base for an enthusiastic pop in the markets with the Dow sporting a 600-point gain during the session. While the ramp lost some momentum into the …