[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 …
ETF Tracker Newsletter For March 17, 2023
ETF Tracker StatSheet You can view the latest version here. ENDING A ROLLERCOASTER WEEK WITH A NOSEDIVE [Chart courtesy of MarketWatch.com] Moving the markets The state of the US Banking sector remains precarious, as confidence has not been restored causing the major indexes to take another dive. Maybe traders finally got the idea that, not just covering $250K of …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/16/2023
ETF Data updated through Thursday, March 16, 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 …
Reader Q&A
[Chart courtesy of MarketWatch.com] Moving the markets After an early dump, the major indexes shifted in reversal mode not because the banking crisis had passed but merely because a temporary fix had been found. A consortium of 11 of the largest US Banks combined forces and agreed to a historic $30 billion unsecured deposit injection in First Republic Bank (FRC). …
Banking Crisis Expands—Meltdown #2 On Deck
[Chart courtesy of MarketWatch.com] Moving the markets As I posted before, once you find a cockroach in your house, you can be assured it’s not the only one. That is akin to a banking system that got addicted to low bond yields and is now trying to deal with and operate in an environment of higher rates, which means that …