[Chart courtesy of MarketWatch.com] Moving the markets Just like yesterday, climbing bond yields kept a lid on bullish sentiment, as the major indexes bounced around their respective unchanged lines before sauntering into red territory, where they closed with minor losses. The S&P and Nasdaq erased yesterday’s gains and never saw “green” during this session. There was no apparent driver …
Grinding And Churning
[Chart courtesy of MarketWatch.com] Moving the markets Apparently, traders found some encouragement from last week’s modest advances, as well as the fact that we made it through the weekend without another bank collapsing, so they pushed equities moderately higher, but the results were mixed, as the graph above shows. Never mind that Deutsche Bank (DB) and other fellow European bank …
ETFs On The Cutline – Updated Through 03/24/2023
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, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/23/2023
ETF Data updated through Thursday, March 23, 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 …
Clawing Back—Then Collapsing
[Chart courtesy of MarketWatch.com] Moving the markets After the Fed pretty much met expectations yesterday with their latest policy on interest rates, which some saw as Powell being in the dovish camp, it was Treasury Secretary Yellen who stole the jam out of the bullish donut by clarifying that a broad increase in deposit insurance may not be in the …
Expectations Met—Markets Sell Off
[Chart courtesy of MarketWatch.com] Moving the markets Even though the Fed did exactly what was expected, namely hiking rates by only 0.25% to the 4.75%-5% target range and confirmed that Quantitative Tightening (QY) will continue as had been assumed, the markets reacted violently. Trying to spew some words of reassurance, Powell added: The U.S. banking system is sound and resilient. Recent developments …