ETF Data updated through Thursday, November 3, 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 …
Fed Signals More Rate Hikes On Deck—Markets Tank
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed doing the expected, namely hiking rates another 75bps and hinting at a policy change in the future, eliciting bullish momentum at first, things went the opposite way after Powell suggested that “the ultimate level of interest rates will be higher than previously expected.” The overall tone of the FOMC statement …
Bracing For The Fed
[Chart courtesy of MarketWatch.com] Moving the markets After an early bounce, the major indexes faded below their respective trend lines and spent the session aimlessly meandering in anticipation of the Fed’s decision on interest rates tomorrow. As I posted before, a hike of 75bps is pretty much a lock, but the much-anticipated question as to what they will do in …
October Recoups A Chunk Of September’s Losses
[Chart courtesy of MarketWatch.com] Moving the markets During the month of September, the S&P 500 tanked and lost -9.3% with the index meandering sideways for the first 12 days of October. Suddenly, a slow climb out of that deep hole gathered momentum with all major indexes staging a remarkable bear market bounce that stopped just short of generating a new …
ETFs On The Cutline – Updated Through 10/28/2022
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 October 28, 2022
ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS—AGAIN [Chart courtesy of MarketWatch.com] Moving the markets Looking at the tech wreck this week—during which heavyweights like Facebook and Amazon imploded, and the GDP allegedly grew by 2.6% in the 3rd quarter, while economic news was horrific, as inflation expectations jumped, US Pending …