Below, you can evaluate 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, …
ETF Tracker Newsletter For April 28, 2023
ETF Tracker StatSheet You can view the latest version here. PUMPING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets If it hadn’t been for the Ramp-A-Thon over the last two trading days of the month, the S&P 500 would have ended in the red during April. The Fed’s favorite Personal Consumption Expenditure price index (PCE) rose 0.3% …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/27/2023
ETF Data updated through Thursday, April 27, 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 …
Violating The Trendline
[Chart courtesy of MarketWatch.com] Moving the markets Despite positive earnings from Microsoft and Google after the close yesterday, the troubles of First Republic Bank (FRC) continued today and overshadowed all news with the stock sliding another 30% on top of yesterday’s 50% dump. As I have repeatedly pointed out, there is never just one cockroach, a theory which appears to …
Breaking Out—To The Downside
[Chart courtesy of MarketWatch.com] Moving the markets I was pondering yesterday if, in the absence of a bullish driver, the markets might take the path of least resistance, which would be down. That was the case today, as the major indexes opened in the red, with the bears taking over and manhandling any bullish sentiment with utter ease, thereby assuring …
Stuck In A Holding Pattern
[Chart courtesy of MarketWatch.com] Moving the markets In a repeat of last week’s activity, the major indexes spent most of the session vacillating near their respective unchanged lines but managed to slightly close in the green, with the Nasdaq being the exception. Earnings season, economic data, upcoming Central Bank actions, and geopolitical tensions kept traders and algos on edge causing …