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 25, 2023
ETF Tracker StatSheet You can view the latest version here. POWELL TALKS TOUGH ON INFLATION BUT MARKETS REMAIN OPTIMISTIC [Chart courtesy of MarketWatch.com] Moving the markets Fed Chair Powell’s hawkish remarks at the Jackson Hole symposium did not deter the markets from rallying higher. Powell made it clear that he was ready to raise interest rates further if inflation …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/24/2023
ETF Data updated through Thursday, August 24, 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 …
Markets Sell Off Despite Nvidia’s Record Earnings And Revenues
[Chart courtesy of MarketWatch.com] Moving the markets Nvidia’s stellar earnings and revenues were not enough to impress the markets today, as the tech giant saw its shares end the session unchanged. This was a classic case of “buy the rumor, sell the fact,” a well-known adage that describes how investors often anticipate good news and then cash out when it …
Bulls Bet On Nvidia To Save The Market From August Slump
[Chart courtesy of MarketWatch.com] Moving the markets The market was eagerly waiting for Nvidia’s earnings report, which is due out later today. The chipmaker was expected to post impressive growth in both profit and revenue, thanks to its dominance in the artificial intelligence (AI) sector. The bulls were optimistic and pushed the major indexes higher, while the bears took a …
Bank Downgrade Dampens Market Mood
[Chart courtesy of MarketWatch.com] Moving the markets The stock market lost steam on Tuesday as a downgrade of several U.S. banks weighed on the financial sector and overshadowed the gains in tech stocks. S&P Global lowered its credit ratings and outlook for some regional and large banks, citing “tough” operating conditions. The financial sector was the worst performer of the …