[Chart courtesy of MarketWatch.com] Moving the markets An early rebound attempt had no legs causing the major indexes to slip below their respective unchanged lines. Not much was lost though, as the tug-of-war between the hawkish crowd (higher rates) and the dovish supporters (lower rates) were evenly matched. Ahead of Friday’s Jackson Hole symposium, and Powell’s speech thereafter, the markets …
Skepticism About The ‘Fed Pivot’ Thrashes Equities
[Chart courtesy of MarketWatch.com] Moving the markets Much of the July/August rebound from deep bear market territory was based on hope that the Fed will have to abandon its hawkish interest rate policy and “pivot” towards dovishness, which would result in lower rates and hence a continuation of the bullish theme. While this pivot may eventually happen, it may not …
ETFs On The Cutline – Updated Through 08/19/2022
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 19, 2022
ETF Tracker StatSheet You can view the latest version here. OPTIONS EXPIRATIONS DAY WHACKS MARKETS [Chart courtesy of MarketWatch.com] Moving the markets Bulls were nowhere to be found today, as the $2.1 Trillion options expiration day exacted a pound of flesh from the markets, thereby breaking the S&P 500’s 4-week win streak. The summer rally hit the skids and …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/18/2022
ETF Data updated through Thursday, August 18, 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 …
Running Into Overhead Resistance
[Chart courtesy of MarketWatch.com] Moving the markets A few items kept traders in a defensive position with overhead resistance lurking due to the S&P 500 approaching its 200-day M/A, a level that is often associated with a major trend change. Historically, these attempts have not played out well for the bulls, as this chart shows. The other issues for traders’ …