[Chart courtesy of MarketWatch.com] Moving the markets A feeble rebound attempt right after the opening was easily rebuffed with the major indexes swinging wildly throughout the session, but the bearish theme outlasted any bullish attempts, so we closed in the red—again. The Nasdaq posted its 7th straight day of declines, its longest losing streak since November 2016, according to ZeroHedge. …
ETFs On The Cutline – Updated Through 9/02/2022
Below, please find 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, of …
ETF Tracker Newsletter For September 2, 2022
ETF Tracker StatSheet You can view the latest version here. CRANKING AND TANKING AHEAD OF LABOR DAY [Chart courtesy of MarketWatch.com] Moving the markets An early bounce, supported by an alleged “Goldilocks” jobs report, hit a brick wall, reversed, wiped out all gains, and pulled the major indexes into the red by over 1% with the Nasdaq posting a …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/01/2022
ETF Data updated through Thursday, September 1, 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 …
Stair Stepping Deeper Into Bear Market Territory
[Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce, the major indexes did not find any lasting bullish support and chopped around during this last trading day of August without much conviction. As a result, the indexes notched their 4th straight losing session casting further doubt on a much hoped for extension of the June rebound. That wishful …
And The Bearish Beat Goes On
[Chart courtesy of MarketWatch.com] Moving the markets Bullishness during the overnight session vanished in a hurry, with the bears gaining the upper hand again and throwing doubt on a continuation of the summer comeback. The Fed and other global bankers have made it clear that their number one priority is to hike rates to crush inflation, no matter what the …