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 December 9, 2022
ETF Tracker StatSheet You can view the latest version here. ENDING THE WEEK TO THE DOWNSIDE [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s rebound now appears to have been an outlier, as the major indexes, following an early bounce, lost their mojo and dropped into the close ending a week that turned out to be the worst since …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/08/2022
ETF Data updated through Thursday, December 8, 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 …
Bobbing And Weaving
[Chart courtesy of MarketWatch.com] Moving the markets After 4 days of declines, the major indexes vacillated around their respective unchanged lines and, despite several breakout attempts, nothing was gained or lost. The exception was gold, with the precious metal adding 1% and closing right at its $1,800 level. Worries about a worsening recession in 2023 remained on traders’ minds, along …
Recession Fears Dominate Markets
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s downward momentum carried over into today’s session and accelerated throughout the day, but a last hour rebound prevented a worse outcome. This is now the 4th straight day of declines for the S&P 500, which has now retreated clearly below its 200-day M/A, thereby nullifying its recent break above it. Looking at …
No Place to Hide
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s rebound, that resulted in the S&P 500 finally breaking through its 200-day M/A, which has served as a glass ceiling since April, none of that feel good bullish sentiment was present today. From the opening bell, the major indexes headed south caused by sudden fears that the Fed may not …