While Tuesday’s rebound raised hopes of a turn in short-term market direction, Wednesday’s sharp drop put an end to that hope – at least for the time being. Weakness in all areas of the market becomes especially clear in the High Volume Cutline report due to it covering only 90 ETFs. To clarify, High Volume (HV) ETFs are defined as …
ETFs On The Cutline – Updated through 6/10/2011
The selling continued this past week and improving equity momentum numbers were nowhere to be found. Most of the ETFs we discussed in last week’s report disappeared from the radar by sinking below the -20 position. New ETFs dropped in from a level above the +20 reading and are threatening to break the trend line to the downside. Here’s where …