[Chart courtesy of MarketWatch.com] Moving the markets The pattern, that early ramps get wiped out during the session, has been occurring with such regularity, that we could conclude that they are merely dead-cat-bounces, i.e., hopeful leaps with no connection to reality. Today was no exception. The chart above clearly demonstrates that occurrence and here again, the major indexes got spanked, …
Aimless Chopping And Flopping
[Chart courtesy of MarketWatch.com] Moving the markets An early +500-point Dow relief rally died on the vine, as the index suddenly reversed course and dove into the red by -150 points before chopping and flopping around the unchanged line into the close. This marked the Dow’s 4th consecutive decline. The S&P 500 and Nasdaq followed a similar pattern but managed …
Barfing Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets Not only did last week’s debacle continue this morning, but markets also took a sudden dive during the last hour of trading, with the S&P 500 breaching its psychologically important 4k marker to the downside to close slightly below it and at its lowest in 13 months. Again, this was a day with …
ETFs On The Cutline – Updated Through 05/06/2022
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 May 6, 2022
ETF Tracker StatSheet You can view the latest version here. TROUNCING AND BOUNCING [Chart courtesy of MarketWatch.com] Moving the markets After the Dow dropped another 400 points to start the session, dip buyers stepped in and pushed the major indexes just above their unchanged lines. Giving an assist in this sudden turnaround, was Fed mouthpiece Kashkari by hinting that …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/05/2022
ETF Data updated through Thursday, May 5, 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 …