ETF Data updated through Thursday, March 23, 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 …
Clawing Back—Then Collapsing
[Chart courtesy of MarketWatch.com] Moving the markets After the Fed pretty much met expectations yesterday with their latest policy on interest rates, which some saw as Powell being in the dovish camp, it was Treasury Secretary Yellen who stole the jam out of the bullish donut by clarifying that a broad increase in deposit insurance may not be in the …
Expectations Met—Markets Sell Off
[Chart courtesy of MarketWatch.com] Moving the markets Even though the Fed did exactly what was expected, namely hiking rates by only 0.25% to the 4.75%-5% target range and confirmed that Quantitative Tightening (QY) will continue as had been assumed, the markets reacted violently. Trying to spew some words of reassurance, Powell added: The U.S. banking system is sound and resilient. Recent developments …
Hoping For A Fed Assist
[Chart courtesy of MarketWatch.com] Moving the markets Optimism ruled today’s session following Treasury Secretary’s latest assertions to contain the banking crisis. That’s all traders and algos needed to hear and up went, with the S&P 500 now having wiped out this month’s losses. Regional banks recovered, as the KRE index added 5.6%, helped by Yellen’s announcement that the government would …
Hope Rules As Banking Fears Ease
[Chart courtesy of MarketWatch.com] Moving the markets Market bulls received news on the banking crisis that they interpreted as hope that things are not as bad as feared due to the takeover of Credit Suisse by UBS, which appeared to be nothing more than a forced wedding by the Swiss government. The broad markets advanced, and even regional banks rebounded …
ETFs On The Cutline – Updated Through 03/17/2023
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 …