[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow setting the bullish pace early on, the S&P 500 and Nasdaq struggled through the session by bouncing above and below their respective trend lines, with the former eking out a small gain and the latter falling short of it. The Dow benefitted from earnings results of Walmart and Home Depot, …
Keeping The Bullish Theme Alive
[Chart courtesy of MarketWatch.com] Moving the markets After a sharp opening drop, led by energy and financials, the major indexes reversed course, dug themselves out of a hole and rallied to a green close. The rebound came despite disappointing economic data out of China, as their Central Bank out of nowhere decided to cut rates, which seems to indicate that …
ETFs On The Cutline – Updated Through 08/12/2022
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 12, 2022
ETF Tracker StatSheet You can view the latest version here. DOMESTIC TREND TRACKING INDEX (TTI) CROSSES INTO BULLISH TERRITORY [Chart courtesy of MarketWatch.com] Moving the markets During yesterday’s morning rebound, my proprietary Domestic Trend Tracking Index (TTI) peeked above its long-term trend line into bullish territory. Weakening afternoon momentum pulled the index back below its line, but I took …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/11/2022
ETF Data updated through Thursday, August 11, 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 …
A ‘Cold’ CPI Reading Heats Up Markets
[Chart courtesy of MarketWatch.com] Moving the markets After the anticipated arrival of today’s CPI, which came in at 8.5% YoY, vs. an expected increase of 8.5%, the markets jumped with the Dow gaining some 500 points, a level we closed at. The bullish ramp showed no weakness during the session, as traders were relieved that the Fed may now back …