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 April 29, 2022
ETF Tracker StatSheet You can view the latest version here. RED APRIL [Chart courtesy of MarketWatch.com] Moving the markets Despite the shocking negative first quarter GDP reading of -1.4% (annually), the markets managed to string together a MegaLiftathon on Thursday, but today’s reality check pulled the indexes back down below where they started yesterday. So much for buying the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/28/2022
ETF Data updated through Thursday, April 28, 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 …
A Dead-Cat Bounce Loses Its Bounce—Twice
[Chart courtesy of MarketWatch.com] Moving the markets Despite dip buyers stepping in this morning, to take advantage of lower prices caused by yesterday’s drubbing, the effort peaked mid-day, after which the selling resumed with the major indexes ending up only a tad above their respective unchanged lines. The Nasdaq has now dropped some 12% in April, which is its worst …
The Puke-A-Thon Continues
[Chart courtesy of MarketWatch.com] Moving the markets The Nasdaq sustained its recent weakness and plunged some 4% in part due to increasing anxiety ahead of the quarterly earnings reports from the big players like Microsoft and Alphabet (Google) due out this afternoon. The recent Netflix blow-up is still on every trader’s mind. However, today’s weakness was also assisted by the …
Fighting Back…And Succeeding
[Chart courtesy of MarketWatch.com] Moving the markets Another early sell off pulled the Dow down by some 400 points, as a one-two punch hit the US markets. Global fears about an economic slowdown loomed large, leading to a slump in Chinese stocks, which pulled energy, commodities, and precious metals off their recent highs—along with all US equities. As a result, …