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 June 30, 2023
ETF Tracker StatSheet You can view the latest version here. AI BOOM FUELS MARKET OPTIMISM, BUT WILL HISTORY REPEAT ITSELF? [Chart courtesy of MarketWatch.com] Moving the markets The markets defied the central bankers’ warnings of more rate hikes and pushed the major indexes higher to end the quarter with a bang. The tech sector, led by a few AI …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/29/2023
ETF Data updated through Thursday, June 29, 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 Defy Rate Hike Warnings, GDP Surprises, Gold Slips
[Chart courtesy of MarketWatch.com] Moving the markets The markets went on a roller coaster ride today, ignoring the warnings of Fed Chair Powell and other central bankers who said they would raise interest rates to fight inflation, even if it hurts economic growth. The European markets took the hint and fell sharply, but the US traders shrugged it off and …
Powell Sticks To His Guns On Interest Rates, Wall Street Shrugs
[Chart courtesy of MarketWatch.com] Moving the markets Fed chair Powell sounds like a broken record. He keeps saying he won’t cut interest rates anytime soon, no matter how much Wall Street begs and pleads. He has many allies who back him up on this stance. But Wall Street is in denial. They think Powell will cave in and turn soft. …
Positive Data Lifts Stocks Higher, But Reality Looms
[Chart courtesy of MarketWatch.com] Moving the markets The bulls were in charge today, lifting the major indexes higher with little resistance from the bears. The Dow finally snapped its losing streak of six days, thanks to a tech rally. A flurry of positive economic data also boosted the market mood, showing signs of strength in the economy, despite the looming …