With the S&P 500 having lost 2.1% during last week’s sell-off, most of the activity around the cutline was to the downside. Even High Yield Bonds (JNK) continued their roller coaster ride, as they now again slipped below the line to -10 from the previous +6 position. Right now, there is simply no stability as far as upside momentum in …
Market Commentary – High Volume ETFs On The Cutline – Updated Through 7/13/2011
With the S&P 500 losing over 1.5% since last week’s HV Cutline report, even the latest featured heavyweight ETFs succumbed to bearish forces and dropped back below the cutline (long-term trend line). To clarify, High Volume (HV) ETFs are defined as those with an average daily volume of $10 million or higher. These ETFs are generated from my selected list …
ETFs On The Cutline – Updated through 7/8/2011 – Upcoming Improvements
Last week’s rally attempt in anticipation of a super jobs report ran into resistance as the horrific unemployment numbers had Wall Street traders trying to put some lipstick on that pig. The ensuing sell off was modest at best, and the major indexes ended up gaining slightly for the week. Trend direction was predominantly sideways, which means not much happened …
Market commentary/High Volume ETFs On The Cutline – Updated Through 7/6/2011
Upward market momentum and euphoria continued into last weekend causing several ETFs to move above the +20 HV Cutline listings and off the table. If you intend to follow those ETFs that are no longer listed, you now have to consult the weekly StatSheet (updated every Thursday), specifically the ETF Master List. To clarify, High Volume (HV) ETFs are defined …
ETFs On The Cutline – Updated through 7/1/2011
Closing the month of June with a bang and stepping into July with equal force, the major market ETFs have been on a tear for five days straight. How much of that momentum can be maintained is everyone’s guess. The ETFs under discussion last week (TMW, VTI, VUG) rallied strongly and ended up above the listed +20 positions, so they …
High Volume ETFs On The Cutline – Updated Through 6/29/2011
The rebound continued over the past week, in part fueled by positive news out of Greece, as well as quarter-end window dressing by portfolio managers. While the major market ETFs had a nice run, the rally is somewhat suspect as it was accompanied by not much conviction due to low volume. Of course, nothing has been really resolved with the …