[Chart courtesy of MarketWatch.com] Monday was a day of surprises for the stock market, as it bounced back from a morning slump despite the escalating violence in the Middle East. The bond market took a holiday, leaving investors in the dark about the impact of the Israel-Hamas conflict on interest rates. The major indexes started the day in the red, …
ETFs On The Cutline – Updated Through 10/06/2023
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 October 6, 2023
ETF Tracker StatSheet You can view the latest version here. TRADERS IGNORE BOND YIELDS AND JOBS REPORT, LIFT STOCKS FROM LOWS [Chart courtesy of MarketWatch.com] Moving the markets The markets had a crazy day, as traders shrugged off soaring bond yields and the stellar jobs report and pushed the major indexes from the red to the green. Maybe they …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/05/2023
ETF Data updated through Thursday, October 5, 2023 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …
Will The Jobs Report Be A Trick Or A Treat For The Market?
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes tiptoed on Thursday, waiting for the big reveal of the jobs data on Friday that could make or break interest rate policy. Weekly initial jobless claims were 207,000 for the week ending Sept. 30, a measly 2,000 more than the previous week. Economists had predicted 210,000. The tiny bump in …
A Break From The Bleak: S&P 500 Rebounds As Treasury Yields Retreat From Multiyear Highs
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 had a rare, good day on Wednesday, as investors breathed a sigh of relief when Treasury yields retreated from their highest levels since 2007. The catalyst was a disappointing jobs report that showed the labor market was not as hot as expected. But don’t get too excited because this could …