[Chart courtesy of MarketWatch.com] Moving the markets The market rally fizzled out on Monday as the major indexes gave up their early gains and closed nearly flat or lower. The Dow was the biggest loser, while the S&P 500 and Nasdaq barely stayed above water. According to Bespoke Investment Group, the S&P 500 is now more overbought than any time …
ETFs On The Cutline – Updated Through 06/02/2023
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 2, 2023
ETF Tracker StatSheet You can view the latest version here. Bulls Run Wild After Senate Unleashes Money Printing: How Long Can It Last? [Chart courtesy of MarketWatch.com] Moving the markets The market soared today after the Senate cleared the way for more money printing by suspending the debt ceiling until 2025. This means the Fed and the politicians can …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/01/2023
ETF Data updated through Thursday, June 1, 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 …
Congress Clears Debt Hurdle, Traders Cheer And Fear
[Chart courtesy of MarketWatch.com] Moving the markets After weeks of political drama, Congress finally passed the debt ceiling bill last night, much to the relief of the traders who celebrated with a rally. The bill is now heading to the Senate, where it is expected to sail through smoothly. Sources say the Senate won’t rest until Biden signs it into …