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 July 29, 2022
ETF Tracker StatSheet You can view the latest version here. MAKING UP JUNE’S LOSSES [Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed’s rate hike of 75 bps on Wednesday and yesterday’s Q2 negative GDP print of -0.9%, the markets perceived all of it as a positive, never mind the fact that two consecutive negative GDP readings are …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/28/2022
ETF Data updated through Thursday, July 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 …
Bad News Is Good News: Fed’s Rate Hike Pleases Markets
[Chart courtesy of MarketWatch.com] Moving the markets Only thing mattered today, and that was the announcement by the Fed on interest rates. Traders and algos alike engaged in the usual front running, and today they were not disappointed, as the Fed did not surprise with an unexpected hike of 1% but satisfied expectations of 0.75 increase. Late in the session, …
Walmart Cuts Forecast—Punishes Stocks
[Chart courtesy of MarketWatch.com] Moving the markets After the close yesterday, Walmart came out and cut its earnings forecast, which pulled all retailers lower in the afterhours trading session, as fears mounted that consumer spending, or rather the lack thereof, will now not be the driver to keep the U.S. out of a recession. That sour mood carried into today’s …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes fluttered throughout the session with no clear direction, because traders prepared themselves for the big events later this week. The next 4 trading days will be the busiest, as about one third of the S&P 500 members are scheduled to release their earnings reports. The Fed will be on deck …