[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 soared to a 13-month high as traders bet on the Fed holding off on raising interest rates this week. The Fed has already hiked rates 10 times in a row, but now the odds are 74% in favor of a pause. Maybe tomorrow’s inflation report will confirm that view, as …
ETFs On The Cutline – Updated Through 06/09/2023
Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 312 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
ETF Tracker Newsletter For June 9, 2023
ETF Tracker StatSheet You can view the latest version here. THE STOCK MARKET BUBBLE AND THE TRILEMMA: WHAT’S NEXT? [Chart courtesy of MarketWatch.com] Moving the markets The tech rally seems unstoppable, even as the economy struggles. Just look at the latest jobless claims, which hit a new high since last October. Sure, some people found work and left the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/08/2023
ETF Data updated through Thursday, June 8, 2023 How to use this StatSheet: Out of the 1,800+ ETFs out there, I only pick the ones that trade over $5 million per day (HV ETFs), so you don’t get stuck with a lemon that nobody wants to buy or sell. Trend Tracking Indexes (TTIs) These are the main indicators that tell …
Bond Yields Spoil The Market Party
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 is still hovering near its highest level since August, but it slipped a bit today. Maybe the market realized that its artificial intelligence stocks can’t keep the party going forever. After all, we have seen 13 months of declining leading indicators, and the Fed’s hawkish policy will likely bite us …
Beware Of Narrow Breadth: Why This Rally Might Fail
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 is close to its highest level in nine months, but don’t get too excited. This rally is driven by a few big stocks, while most of the market is lagging. That’s a sign of weakness, not strength, according to analyst Lance Roberts. He explains: Breadth is important. A rally on …