[Chart courtesy of MarketWatch.com] Moving the markets Bond yields jumped sharply with the 10-year adding some 24-basis points to end the session at 3.64%. The markets vacillated predominantly below the unchanged lines, but the major indexes managed to close off their intra-day lows. Still, rate hike expectations have exploded, as the hawkish theme remains to be the dominant one. …
ETFs On The Cutline – Updated Through 02/03/2023
Below, please find the latest High-Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39-week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For February 3, 2023
ETF Tracker StatSheet You can view the latest version here. A WINNING WEEK ENDS ON A WHIMPER [Chart courtesy of MarketWatch.com] Moving the markets Traders were simply blown away by Friday’s jobs report, which allegedly added some 517k new jobs in January, which was quite the opposite of the expected 187k. The number was so out of line that …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/02/2023
ETF Data updated through Thursday, February 2, 2023 Methodology/Use of this StatSheet: 1. From the universe of over 1,800 ETFs, I have selected only those with a trading volume of over $5 million per day (HV ETFs), so that liquidity and a small bid/ask spread are assured. 2. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International …
Fed’s “All Bark No Bite” Delights Markets
[Chart courtesy of MarketWatch.com] Moving the markets The Fed offered no surprise and followed the expected theme of hiking rates by only 0.25% with more to come. A mid-day sell-off reversed with traders focusing on chairman Powell’s acknowledgement of falling inflation: We can now say for the first time that the disinflationary process has started. We can really see that, …
Storming Into The Fed Meeting
[Chart courtesy of MarketWatch.com] Moving the markets Traders and algos alike continued with their relentless efforts to challenge the Fed’s resolve of hiking rates for “higher and longer” by propelling the major indexes higher on the last day of the month and the day prior to the Fed’s much-awaited policy announcement. Again, much of this January move was based on …