[Chart courtesy of MarketWatch.com] Moving the markets Weakness prevailed right from the get-go, when retail stocks were dragged lower due to Target reporting a decline in sales causing their stock price to dive some 13%. Shoppers are struggling with high inflation ahead of the biggest shopping season of the year. On the other hand, US Retail Sales soared 1.3% MoM …
A “Welcoming” PPI Report Supports Equities
[Chart courtesy of MarketWatch.com] Moving the markets Today’s Producer Price Index (PPI) came in better than expected with CNBC highlighting the data as follows: The producer price index rose 0.2% in October, below the 0.4% estimate. A significant contributor to the slowdown in wholesale inflation was a 0.1% decline in services, the first outright decline in that measure since November …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets After last week’s Ramp-A-Thon, equities needed a breather. Even though the major indexes held up well throughout the session by bouncing around their respective unchanged lines, momentum waned during the last hour and south we went. Given the advances of the past five trading days, a pause was in order, and that’s exactly …
ETFs On The Cutline – Updated Through 11/11/2022
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 November 11, 2022
ETF Tracker StatSheet You can view the latest version here. S&P 500 SCORES ITS BEST WEEK SINCE JUNE [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s euphoric reaction to the better-than-expected CPI report, bullish momentum prevailed throughout the session, despite the bond market being closed on this Veteran’s Day. But the short squeeze was alive and well and …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/10/2022
ETF Data updated through Thursday, November 10, 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 …