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 …
The Pendulum Swings The Other Way
[Chart courtesy of MarketWatch.com] Moving the markets A relief rally held its ground with the major indexes remaining steady above their respective unchanged lines, as strong bank earnings by Bank of America and Bank of Mellon provided the fuel to sustain the rebound. Of course, stocks have been in deeply oversold territory, and are hovering near year lows of the …
ETFs On The Cutline – Updated Through 10/14/2022
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 14, 2022
ETF Tracker StatSheet You can view the latest version here. PUMPED, THEN DUMPED [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s market reversal, that saw Dow swing from a minus 500 points to a plus 800 points, marked the fifth largest in history. The worse than expected CPI report (+8.2% YoY), with the core number surging to 40-year highs, …