While the rebound of the past 5 trading days provided welcome relief to those investors who kept their equity ETF positions through the recent market beating, the effect on the cutline has been negligible. That’s a sign that the recent rebound came from a much oversold position with short covering playing a big role by providing the ammunition needed to …
ETF Master Cutline List – Updated Through 8/12/2011
After another wild week in the markets, with a downward bias, the number of ETFs residing above the cutline has been reduced again, which is no surprise. At this point, there are only 36 ETFs positioned in Bull Market territory, above the Cutline, while 360 ETFs are stuck on the Bear Market side. Leading the pack are the precious metals, …
A New Uncertainty Surfaces – Expanded ETF Master Cutline List – Updated through 8/5/2011
Every so often I talk about known and unknown uncertainties, and the power they have to derail markets, especially in today’s volatile environment. The latest uncertainty, which became known after the markets closed on Friday, was S&P’s downgrade of U.S. debt from its sterling AAA rating to AA+. While the possibility of a downgrade was not breaking news, the sudden …
Market Review – High Volume ETFs On The Cutline – Updated Through 8/3/2011
The drubbing of the markets since the last High Volume ETF Cutline report, with the S&P 500 losing some 3.5%, did not help the ETFs positioned above the cutline, as many lost momentum and succumbed to bearish forces. The expanded High Volume ETF Cutline report includes all ETFs above and below the cutline (trend line). To clarify, High Volume (HV) …
Expanded ETF Master Cutline List – Updated through 7/29/2011
With the markets having sustained losses for 5 straight days, it’s no surprise that the number of ETFs hovering above the cutline has been severely reduced from the prior report. This week, there are 188 ETFs listed above the cutline (down from 321) and 208 below it (up from 75), which is a clear indication of a change in market …
Market Commentary – High Volume ETFs On The Cutline – Updated Through 7/27/2011
Continued uncertainty from the lack of progress in the debt ceiling talks pressured the markets, and the major indexes lost for the 3rd day in a row. Not helping were a worse than expected durable goods orders report indicating that an economic slowdown may be indeed a possibility. That’s no surprise to me as I have been elaborating for some …