ETF Tracker StatSheet You can view the latest version here. ENDING THE MONTH ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets It was only three trading days ago when the S&P 500 had finally climbed back to a point where its performance was even for the month, after having been clobbered during the banking crises. From …
Getting Hammered
[Chart courtesy of MarketWatch.com] Moving the markets After a brief sprint above their respective unchanged lines, the major indexes reversed and hit the skids, with the Dow dumping over 500 points for the second time this week, as traders braced for tomorrow’s payroll report. Remember that good news is bad news, which means a better-than-expected payroll print directly translates into …
CPI Pleases Markets
[Chart courtesy of MarketWatch.com] Moving the markets Despite the CPI report syncing up with expectations of an increase of 6.5% YoY, it was the monthly dip of 0.1% in December from November that kept the bullish juices flowing and helped the Nasdaq to complete a 5-day winning streak. The CPI excluding food and energy prices also met anticipations, which showed …
Directionless Wandering
[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering, with a slight upside bias, continued but, in the end, traders were too much on edge ahead of Powell’s speech on Friday regarding inflation and interest rates following the Jackson Hole symposium. Beliefs are that the Fed will reinforce its view of fighting inflation, which could create a headwind for equity …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/18/2022
ETF Data updated through Thursday, August 18, 2022 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 …
Running Into Overhead Resistance
[Chart courtesy of MarketWatch.com] Moving the markets A few items kept traders in a defensive position with overhead resistance lurking due to the S&P 500 approaching its 200-day M/A, a level that is often associated with a major trend change. Historically, these attempts have not played out well for the bulls, as this chart shows. The other issues for traders’ …