[Chart courtesy of MarketWatch.com] Moving the markets Stocks took a dive early in the session, continuing from Friday’s slump, as they needed a break after the recent unstoppable climb to the highest levels in a year driven by the AI craze. Suddenly, investors started to worry about paying too much for their shares, while analysts struggled to find convincing reasons …
ETFs On The Cutline – Updated Through 06/16/2023
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 June 16, 2023
ETF Tracker StatSheet You can view the latest version here. MARKETS SHRUG OFF $4.2 TRILLION OPTIONS EXPIRY AND INFLATION DATA, BUT BEWARE OF AI BUBBLE [Chart courtesy of MarketWatch.com] Moving the markets Today was a huge day for options traders, with $4.2 trillion worth of contracts expiring. But the markets didn’t seem too fazed by the massive turnover. They …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/15/2023
ETF Data updated through Thursday, June 15, 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 …
Stock Market Rallies Despite Hawkish Signals From Fed And ECB
[Chart courtesy of MarketWatch.com] Moving the markets The stock market had a surprising comeback today, despite the gloomy outlook from the Fed and the ECB. Both central banks signaled more interest rate hikes this year, which usually dampens investors’ mood. But traders seem to think that Powell is bluffing and won’t tighten the monetary policy too much. They are betting …
Hawkish Pause: How The Fed Confused The Market
[Chart courtesy of MarketWatch.com] Moving the markets The Fed decided to hold off on raising interest rates this month, despite signs of inflation in the economy. This was good news for traders who were hoping for a pause in the Fed’s tightening cycle. But it also raised some questions about the Fed’s credibility and its ability to fight inflation in …