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 14, 2023
ETF Tracker StatSheet You can view the latest version here. WEAK RETAIL SALES VS. STRONG EARNINGS [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s better than expected PPI number pushed all markets solidly in the green, but today’s weak retail sales, in the face strong bank earnings, pulled all indexes lower with stocks, bonds, and precious metals participating in …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/13/2023
ETF Data updated through Thursday, April 13, 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 …
Indecision Rules—Recession Looms
[Chart courtesy of MarketWatch.com] Moving the markets Despite the CPI turning out a bit “cooler” than expected, with the headline number printing +0.1% MoM and +5.0% YoY vs. 5.1% anticipated—and down from 6% YoY prior—the reaction was lukewarm at best. The Fed’s favorite core CPI rose 0.4% MoM, in line with expectations, but it pushed the index up 5.6% YoY, …
Going Nowhere Ahead Of The CPI Report
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Dow and the S&P bouncing above their respective unchanged lines throughout the session, in the end not much was gained, as traders tried to elude possible negative consequences ahead of key inflation data. It’s worth noting that tomorrow’s CPI and Thursday’s PPI report are the last critical inflation data points before …
Climbing Out Of A Hole
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s March payroll report was largely in line with expectations, as 236k new jobs were created, which was slightly above the 230k anticipated, while the unemployment rate dipped from 3.6% to 3.5%. That number might compel the Fed to remain hawkish for longer with the May Rate-Hike odds now having climbed from 50% …