[Chart courtesy of MarketWatch.com] Moving the markets After weeks of political drama, Congress finally passed the debt ceiling bill last night, much to the relief of the traders who celebrated with a rally. The bill is now heading to the Senate, where it is expected to sail through smoothly. Sources say the Senate won’t rest until Biden signs it into …
Market Dips As Debt Deal Hangs In Balance And Fed Sends Mixed Signals
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was in a gloomy mood today as the debt ceiling deal faced uncertainty and opposition in Congress. The House Rules Committee approved the deal, but the final vote will take place tonight at 8:30pm EST. The major indexes stayed in the red all day, despite a late rally that trimmed some …
Debt Ceiling Deal in Doubt, Markets Waver
[Chart courtesy of MarketWatch.com] Moving the markets The debt ceiling drama is far from over. Even though the two parties have reached a tentative deal, they still need to pass it in Congress by tomorrow. But many lawmakers are not in town, and some Republicans are not on board. This could spell trouble for the compromise bill. The markets were …
ETFs On The Cutline – Updated Through 05/26/2023
Below, you can evaluate the latest High-Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39-week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 312 High Volume ETFs, defined as those with an average daily volume of more than $5 million, …
ETF Tracker Newsletter For May 26, 2023
ETF Tracker StatSheet You can view the latest version here. MARKETS RALLY ON DEBT DEAL PROGRESS, BUT BEWARE OF FED, INFLATION AND BANKING BUGS [Chart courtesy of MarketWatch.com] Moving the markets The markets were in a cheerful mood for the second day in a row, as hopes rose for a debt ceiling deal that would prevent a default. The …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/25/2023
ETF Data updated through Thursday, May 25, 2023 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 …