Below please find the latest High Volume ETFs 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 365 High Volume ETFs ETFs, defined as those with an average daily volume of more than $5 million, of which currently 223 (last week 191) are hovering in bullish territory. The yellow line separates those ETFs that are positioned above their trend line from those that have dropped below it.
Take a look:
The HV ETF Master Cutline Report
In case you are not familiar with some of the terminology used in the reports, please read the Glossary of Terms.
If you missed the original post about the Cutline approach, you can read it here.
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Comments 2
Uli
I see we have received a Dow Theory buy signal. What say you?
Smokey,
Yes, I saw that. It’s not an indicator that I use because it usually happens very late in a Buy cycle, but it could very well indicate that the current bullishness has a ways to go…
Ulli…