[Chart courtesy of MarketWatch.com] Moving the markets An early rally of some 260 points in the Dow bit the dust, as questions about future demand in the semiconductor industry spoiled the party. Nvidia’s unexpected earnings preannouncement and guidance pulled the stock down by some 8% and cast questions on rival stocks as well. After having had a chance of looking …
ETFs On The Cutline – Updated Through 08/05/2022
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 5, 2022
ETF Tracker StatSheet You can view the latest version here. PONDERING A STRONG JOBS REPORT [Chart courtesy of MarketWatch.com] Moving the markets After much anticipation, today’s jobs report came in stronger than expected (528k vs. 258k), which caused an early sell-off, but the major indexes managed to claw back towards their respective unchanged lines, even though uncertainty reigned. However, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/04/2022
ETF Data updated through Thursday, August 4, 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 …
Moving Closer To A New “Buy” Signal
[Chart courtesy of MarketWatch.com] Moving the markets Traders and computer algos marched in sync today by ignoring the fact that the Fed might not be pivoting to lower rates for some time to come, which several Fed heads had made abundantly clear yesterday. Today, it was St. Louis Fed President Bullard confirming again that “he doesn’t think the US is …
Fed Mouth Pieces Jawbone Markets Lower
[Chart courtesy of MarketWatch.com] Moving the markets I have been commenting almost daily on last week’s rally, which was entirely based on wishful thinking that the Fed will have to pivot back to lowering rates. Due to the US having slipped into a recession, traders, who have been frontrunning the market, expected that this event will have to happen sooner …