[Chart courtesy of MarketWatch.com] Moving the markets Despite a negative news environment, traders ignored most of the headlines and the fact that US factory orders tumbled in February and scored their biggest drop since April 2020. Also sounding a word of caution was this chart (hat tip to ZH) suggesting that the March melt up, AKA a short-cover rally, may …
ETF Tracker Newsletter For April 1, 2022
ETF Tracker StatSheet You can view the latest version here. ATTEMPTING A COMEBACK [Chart courtesy of MarketWatch.com] Moving the markets A new quarter is upon us, and many investors prefer not being reminded of the first one, because it turned out to be the worst in 2 years, Yesterday’s sudden drubbing, with the Dow dumping some 550 points, was …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/31/2022
ETF Data updated through Thursday, March 31, 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 Out Of Peace Hopefulness
[Chart courtesy of MarketWatch.com] Moving the markets While the Dow peeked above its unchanged line early on, that visit was an ephemeral one because the index shortly thereafter joined the S&P 500 and Nasdaq in the red. The slipping and sliding continued throughout the session with dip buyers being conspicuously absent. Things got worse mid-day after Russia reported that they …
Optimism Powers Markets
[Chart courtesy of MarketWatch.com] Moving the markets The winning steak continued and was supported by increased hopes that a Russian-Ukraine ceasefire may be on deck, despite the warring parties saying that they are not close to deal. Phrases like “nothing is agreed upon, unless everything is agreed upon,” took the starch out of the early bounce by mid-day, but the …
Dropping And Popping
[Chart courtesy of MarketWatch.com] Moving the markets An early drop in the markets found a bottom and suddenly reversed after the Financial Times posted an article claiming this: Russia is no longer requesting Ukraine be “denazified” and is prepared to let Kyiv join the European Union if it remains militarily non-aligned as part of ongoing ceasefire negotiations. The draft ceasefire …