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 November 11, 2022
ETF Tracker StatSheet You can view the latest version here. S&P 500 SCORES ITS BEST WEEK SINCE JUNE [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s euphoric reaction to the better-than-expected CPI report, bullish momentum prevailed throughout the session, despite the bond market being closed on this Veteran’s Day. But the short squeeze was alive and well and …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/10/2022
ETF Data updated through Thursday, November 10, 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 …
“Friendly” CPI Report Powers Markets—New “Buy” Signal On Deck
[Chart courtesy of MarketWatch.com] Moving the markets Only one thing mattered today, and that was the CPI reading, which came in much more “friendly” than expected. The index rose only 0.4% for the month and 7.7% YoY, its lowest annual increase since January. Expectations were 0.6% and 7.9% respectively. Even the core numbers were better than anticipated. The market reaction …
Midterms Undecided—Markets Tank
[Chart courtesy of MarketWatch.com] Moving the markets As far as the markets are concerned, uncertainty is the worst of any outcome, a theory which proved to be the correct today, as the results of the midterm elections provided no clear answers as to who would control Congress or the Senate. Traders had assumed the Republicans being able to easily score …
Riding The Bucking Bronco
[Chart courtesy of MarketWatch.com] Moving the markets A bucking bronco type of market behavior seemed to be perfectly complementing this election day with its own ups and downs, irregularities, and accusations. The major indexes stormed out of the gate and ripped higher with the Dow at one point sporting a 500-point gain, which collapsed, as the index almost broke below …