ETF Data updated through Thursday, March 24, 2022 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 …
Ignoring Reality
[Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s drubbing, short-term market direction reversed again with the major indexes recovering just about all of Wednesday’s losses. A drop in jobless claims to the lowest in decades provided the backdrop and gave confidence that the economic recovery remains on track, despite much evidence to the contrary. Hope that a ceasefire …
Stalling And Falling
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rebound ran into a brick wall this morning with the major indexes getting stuck below their respective unchanged lines throughout the session. The usual afternoon ramp-a-thon was conspicuously absent leaving stocks no choice but to drop into a sinkhole. For sure, the path of least resistance was down, with not only a …
Keeping The Rebound Alive
[Chart courtesy of MarketWatch.com] Moving the markets Traders and investors alike tried to digest Fed head Powell’s comments that interest rates may be hiked with twice the magnitude (50 bps) as had been assumed (25 bps) due to inflation “being much too high.” Despite that hawkishness, the markets are considering Powell’s current and future planned increases as a policy error, …
Equities Drop As Larger Rate Hikes Loom
[Chart courtesy of MarketWatch.com] Moving the markets Last week’s enthusiastic rally, in the face of nothing but geopolitical and economic issues, came to an end today when Fed Head Powell rang the bell on inflationary concerns while hinting at tougher responses. After finally admitting that “inflation is much too high,” he vowed to take appropriate measures to get a better …
ETFs On The Cutline – Updated Through 03/18/2022
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 …