[Chart courtesy of MarketWatch.com] Moving the markets Despite a last hour attempt to prevent another session in the red, after yesterday’s slam, the major indexes managed to climb back to their respective unchanged lines, as dip buyers were conspicuously absent. However, a late Market on Close (MOC) program propelled stocks off their lows. Economic data points were solid due to …
Is The Market Finally Buying What The Fed Is Selling?
[Chart courtesy of MarketWatch.com] Moving the markets Today, it was Powell himself singing from the same hymn sheet that his mouthpieces have used for months, namely rates may need to go “higher for longer,” a theme I have pounded on ad nauseum. Maybe today, market participants are finally buying what Powell is selling, which caused havoc in all asset classes, …
Directionless Meandering
[Chart courtesy of MarketWatch.com] Moving the markets Equities tried to build on last week’s bullish momentum with an early bounce, which coincided with sliding bond yields, as the 10-year slipped towards its 3.9% level. However, a sudden spike in yields put the bears in charge, as the 10-year ripped off its lows and climbed back towards the 4% marker. That …
ETFs On The Cutline – Updated Through 03/03/2023
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 3, 2023
ETF Tracker StatSheet You can view the latest version here. ENDING THE WEEK WITH A BOOM [Chart courtesy of MarketWatch.com] Moving the markets Yesterday, I had to laugh out loud when one’s man’s opinion caused bullish juices to suddenly explode, after the markets had been chopping around aimlessly for the most of the session. Bloomberg’s headline featuring the Atlanta …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/02/2023
ETF Data updated through Thursday, March 2, 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 …