[Chart courtesy of MarketWatch.com] Moving the markets The direction the futures markets take is not always an indication as to what will happen during the regular trading session. Such was the case last night, with the major indexes were down some -0.5%, but they opened in the green yet ended up meandering aimlessly all day. Even Nasdaq trading was subdued …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets One look at the above chart tells you that an early excursion above the unchanged line came to a sudden halt, when the bottom dropped out with the major indexes doing their best imitation of a swan dive. Even the Nasdaq, up early by +1.3% lost it all, crashed into the red, but …
ETFs On The Cutline – Updated Through 01/22/2021
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 January 22, 2021
ETF Tracker StatSheet You can view the latest version here. GLIDING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets The futures already gave a preview of how the regular session might turn out, as the stimulus driven rally was overpowered by news of tighter and extended coronavirus restrictions, which would have adverse economic effects. On the other …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/21/2021
ETF Data updated through Thursday, January 21, 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 …
Riding The Range
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s euphoric dash to all-time highs, the futures continued their relentless march higher, still boosted by optimism that a giant wave of fiscal spending will not only power corporate earnings but also revive, or rather rescue, economic growth. However, that reckless enthusiasm was tempered somewhat during the regular session with the major …