[Chart courtesy of MarketWatch.com] Moving the markets Bullishness during the overnight session vanished in a hurry, with the bears gaining the upper hand again and throwing doubt on a continuation of the summer comeback. The Fed and other global bankers have made it clear that their number one priority is to hike rates to crush inflation, no matter what the …
Failing To Climb Out Of A Hole
[Chart courtesy of MarketWatch.com] Moving the markets After Friday’s spanking, the major indexes continued their path lower and managed to scramble back far enough to kiss their respective unchanged lines twice. However, upward momentum vanished during the last hour, and we closed in the red again led by the Nasdaq with a 1% loss. Obviously, rising rates in conjunction with …
ETFs On The Cutline – Updated Through 08/26/2022
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 August 26, 2022
ETF Tracker StatSheet You can view the latest version here. STOCKS DUMP AS RATE-HIKE ODDS JUMP [Chart courtesy of MarketWatch.com] Moving the markets The much-awaited speech by Fed head Powell, after the annual Jackson Hole symposium, lasted less than 10 minutes and left the front running traders and algos flabbergasted, because they did not pay attention to the events …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/25/2022
ETF Data updated through Thursday, August 25, 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 …
Directionless Wandering
[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering, with a slight upside bias, continued but, in the end, traders were too much on edge ahead of Powell’s speech on Friday regarding inflation and interest rates following the Jackson Hole symposium. Beliefs are that the Fed will reinforce its view of fighting inflation, which could create a headwind for equity …