[Chart courtesy of MarketWatch.com] Moving the markets Finally, the markets were able to build on early gains, with the bulls at last managing to score a winning session. As I posted Friday, I suspected as much due to balanced mutual funds having to go through their monthly rebalancing efforts this week. This move pulled the S&P 500 out of Friday’s …
ETFs On The Cutline – Updated Through 05/20/2022
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 …
ETF Tracker Newsletter For May 20, 2022
ETF Tracker StatSheet You can view the latest version here. AN AFTERNOON BOUNCE SAVES THE DAY BUT NOT THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets The market’s attempt at a comeback, after failing yesterday, was a success today as the Dow and S&P 500 managed to bounce back to their unchanged lines. Nevertheless, the S&P inched into …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/19/2022
ETF Data updated through Thursday, May 19, 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 Dies With A Vengeance
[Chart courtesy of MarketWatch.com] Moving the markets Despite yesterday’s bullish euphoria, reality set in today and informed those, who had not gotten the message yet, that we are indeed in bear market territory, in which hopeful bounces tend to die quickly. Today’s action would be better described as a “puke fest,” with every asset class, except gold, being spanked with …
Bargain Hunters On The Loose
[Chart courtesy of MarketWatch.com] Moving the markets Finally, an early advance, despite some mid-day pullbacks, continued its bullish trend, and the major indexes closed solidly in the green. Of course, the question remains whether upward momentum can be sustained in view of mounting concerns that the economy will tip into a recession later this year. Contributing to this rebound may …