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 December 22, 2023
ETF Tracker StatSheet You can view the latest version here. MARKETS MIXED AS INFLATION SLOWS, INCOME DIVERGES, AND RATE CUTS LOOM [Chart courtesy of MarketWatch.com] The S&P and Nasdaq managed to squeeze out a tiny gain, thanks to tame inflation data, and extended their weekly winning streak to eight. The Dow was not so lucky and ended in the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/21/2023
ETF Data updated through Thursday, December 21, 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. …
The Goldilocks Scenario: Why Wall Street Is Cheering For A Weak Economy And A Dovish Fed
[Chart courtesy of MarketWatch.com] The markets bounced back from yesterday’s beating and regained most of their ground. Traders are feeling optimistic about the yearend rally and ready to pop the champagne. Almost every stock in the S&P rose, led by Micron Technology, which soared 9% after smashing earnings estimates and raising its outlook. The bulls were also encouraged by weak …
VIX Tricks: Is The Volatility Index Warning Of More Turmoil?
[Chart courtesy of MarketWatch.com] The markets have been soaring to dizzying heights lately, but today they came back down to earth a bit. Some traders decided to take some profits off the table after a long winning streak. This is normal and healthy for a bull market, and it doesn’t mean that the fundamentals have changed. One of the biggest …
Fed’s Dovish Turn Fuels Rally, But Beware Of Rate Cut Risks
[Chart courtesy of MarketWatch.com] The Fed’s dovish statement last week sparked a rally that pushed the S&P 500 close to a record high. Three rate cuts in 2024, cooling inflation, and lower Treasury yields boosted the market mood in this seasonally strong period for stocks. The Fed thinks it has tamed inflation, but it may be in for a rude …