[Chart courtesy of MarketWatch.com] Moving the markets Despite a rollercoaster ride in the futures market overnight, and a plunge in the Chinese stock market of -6.4%, its largest one-day drop since 2008, US sentiment remained positive after the opening bell rang. It’s all about earnings and forward guidance this week, with 46% of S&P members reporting. However, inflation data and …
ETFs On The Cutline – Updated Through 10/21/2022
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 October 21, 2022
ETF Tracker StatSheet You can view the latest version here. FINALLY—A WINNING WEEK [Chart courtesy of MarketWatch.com] Moving the markets After dropping into oversold territory last week, it was time a for a bounce back, and that is exactly what we got. Despite some mid-week weakness, the major indexes found some footing and propelled themselves to a solid green …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/20/2022
ETF Data updated through Thursday, October 20, 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 …
Surging Bond Yields Punish Stocks
[Chart courtesy of MarketWatch.com] Moving the markets Despite Netflix’s beating of earnings and revenue, and its shares rallying some 13%, it was simply not enough to overcome the negatives of surging bond yields, which indicated that inflation fears have not subsided and won’t soon. As a result, the major indexes gave back some of their gains of the past two …
Earnings Give A Bullish Assist
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early 500-point jump in the Dow, supported by strong earnings reports (Goldman Sachs, Lockheed Martin), volatility set in with the major indexes tumbling off their lofty levels. The cause was Apple reporting that it will be cutting iPhone 14 production less than 2 weeks after its debut. Added ZeroHedge: The news …