Front Running The CPI Report—Again

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[Chart courtesy of MarketWatch.com] Moving the markets As we witnessed last month, traders maintained the same theme, namely front running the CPI report, on hopes that a weaker number will appear, which would persuade the Fed to take the foot of the hiking pedal, and that a more dovish stance towards interest rates would be appropriate. The major indexes tried …

ETFs On The Cutline – Updated Through 02/10/2023

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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 February 10, 2023

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ETF Tracker StatSheet           You can view the latest version here. GOING NOWHERE [Chart courtesy of MarketWatch.com] Moving the markets After yesterday’s Puke-A-Thon, the markets tried to find some footing but, while the Dow and S&P 500 managed to eke out a moderate last hour gain, the Nasdaq ended the session in the red. Alternating between gains and losses, the …

Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/09/2023

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ETF Data updated through Thursday, February 9, 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 …

Pondering A Subpar Earnings Season And Future Fed Moves

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[Chart courtesy of MarketWatch.com] Moving the markets Traders were stuck in limbo today trying to assess future monetary policy, the current earnings season, which was subpar at best, and the profit outlook for the remainder of 2023. None of the above deliberations created much motivation by the bulls to drive this market higher, so the path of least resistance was …

Whipsawing Higher On “Transitory Disinflation”

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[Chart courtesy of MarketWatch.com] Moving the markets As the chart above shows, pumping, dumping, and pumping was the theme of the day, as traders tried to incorporate Powell’s “transitionary disinflation” in their vocabulary, while assessing if it would produce a bullish or bearish outcome. Judging by the ramp into the close, the current picture is positive for equities, but traders …