[Chart courtesy of MarketWatch.com] Moving the markets An early Ramp-A-Thon lost some momentum during mid-session, but the pullback was contained and still enabled the major indexes to close solidly in the green. While the S&P 500 managed to finally break above its 200-day M/A, it was not yet able to hold the move above its longer-term downtrend line, which had …
ETFs On The Cutline – Updated Through 01/20/2023
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 January 20, 2023
ETF Tracker StatSheet You can view the latest version here. A POSITIVE SESSION ENDS A LOSING WEEK [Chart courtesy of MarketWatch.com] Moving the markets After getting hammered three days in a row, the major indexes finally found some bullish support, despite today’s activity being dominated by options expirations. Hope reigns supreme that equity weakness early in the week was …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/19/2023
ETF Data updated through Thursday, January 19, 2023 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 …
Stalling At The 200-Day M/A—Again
[Chart courtesy of MarketWatch.com] Moving the markets The markets took a hit today, as January’s bullish momentum ran into a glass ceiling, namely the S&P’s 200-day M/A, which had derailed every rally in 2022, as this chart shows: Only time will tell, if this is the beginning of another leg down, after the S&P has now “lost” its 200-day M/A …
Pulling Off The Lofty Levels
[Chart courtesy of MarketWatch.com] Moving the markets Bank earnings took front and center, as Morgan Stanley posted better-than-expected numbers, thereby pushing up its stock price +6%. However, banking powerhouse Goldman Sachs reported its worst earnings miss in a decade, with its stock price being pummeled at the tune of -6%. JPM’s and Citigroup’s results were mixed. As a result, the …