[Chart courtesy of MarketWatch.com] Moving the markets The markets shrugged off a supply warning from Apple and extended Friday’s bounce into a week that could present unexpected surprises. The obvious one is tomorrow’s mid-term elections, the outcome of which could very well affect the direction of future spending as well as create a political gridlock. Any kind of stalemate is …
ETFs On The Cutline – Updated Through 11/04/2022
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 November 4, 2022
ETF Tracker StatSheet You can view the latest version here. WINNING FOR THE DAY BUT LOSING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets It was chaotic session indeed, as the Dow jumped to an early 500-point gain, only to see it evaporate in no time, with the index diving into the red, before dip buyers pulled …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/03/2022
ETF Data updated through Thursday, November 3, 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 …
Fed Signals More Rate Hikes On Deck—Markets Tank
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed doing the expected, namely hiking rates another 75bps and hinting at a policy change in the future, eliciting bullish momentum at first, things went the opposite way after Powell suggested that “the ultimate level of interest rates will be higher than previously expected.” The overall tone of the FOMC statement …
Bracing For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets After an early bounce, the major indexes faded below their respective trend lines and spent the session aimlessly meandering in anticipation of the Fed’s decision on interest rates tomorrow. As I posted before, a hike of 75bps is pretty much a lock, but the much-anticipated question as to what they will do in …