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 July 14, 2023
ETF Tracker StatSheet You can view the latest version here. DOW CLINGS TO GAINS AS EARNINGS SEASON BEGINS [Chart courtesy of MarketWatch.com] Moving the markets The Dow managed to squeeze out another positive close, thanks to strong bank earnings that beat the low bar set by analysts. The S&P 500 and Nasdaq started off strong, but lost steam and …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/13/2023
ETF Data updated through Thursday, July 13, 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 …
Dollar Slumps As Inflation Data Boosts Stocks
[Chart courtesy of MarketWatch.com] Moving the markets The stock market celebrated another day of low inflation, as the Producer Price Index (PPI) for June came in much weaker than expected. The PPI measures the change in prices that producers charge for their goods and services. It was supposed to rise by 0.4% year-over-year, but it barely budged at 0.1%. This …
Inflation Eases, Stocks Soar, Bonds Breathe
[Chart courtesy of MarketWatch.com] Moving the markets The latest CPI report was a pleasant surprise for Wall Street, as US consumer prices rose less than expected in June. The core CPI, which excludes food and energy, increased by only 0.2% month-over-month, the smallest gain since February 2020. The annual inflation rate eased to 3.0%, the lowest since March 2021. This …
Market Rises On Short Squeeze And CPI Optimism
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes climbed higher for the second day in a row, as investors waited for the latest inflation report due tomorrow. The report is expected to show a slight drop in the annual inflation rate to 3.1%, which would ease some of the worries about rising rates. Investors have already accepted that …