[Chart courtesy of MarketWatch.com] Moving the markets The market opened with a thud today, as investors dumped stocks amid a slew of bad news from around the world. China reported dismal trade data, showing a sharp drop in both imports and exports. Italy slapped its banks with a surprise tax hike, sparking fears of a new debt crisis. And Moody’s …
Market Bounces Back On Earnings Strength, But VIX Looms Large
[Chart courtesy of MarketWatch.com] Moving the markets The Dow led the way in a bullish day for the stock market, while the Nasdaq trailed behind but managed to end its 4-day losing streak. Tesla was one of the laggards, dropping 2% amid a tech sell-off. The rally was fueled by strong earnings reports, as 80% of the S&P 500 companies …
ETFs On The Cutline – Updated Through 08/04/2023
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 311 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 August 4, 2023
ETF Tracker StatSheet You can view the latest version here. Tech Split, Wage Spike, Market Dip, Oil Rip: A Mixed Bag for the Economy [Chart courtesy of MarketWatch.com] Moving the markets Tech giants Amazon and Apple had a split decision in their earnings reports yesterday. Amazon delivered a knockout, while Apple got knocked out. The result? A combined loss …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/03/2023
ETF Data updated through Thursday, August 3, 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 Spook Stocks For Third Day; Earnings Disappoint
[Chart courtesy of MarketWatch.com] Moving the markets The bond market was the bad guy today, as higher yields scared off stock buyers for the third day in a row. The 10-year yield jumped to 4.18%, the highest since last November, and the 30-year yield was close to its October peak. This hurt real estate stocks, which fell more than 1%, …