[Chart courtesy of MarketWatch.com] Moving the markets It comes as no surprise that the major indexes would eventually manage a bounce back from the brutal losses not only YTD but also from last week, which saw the S&P 500 surrender -5.8%—its worst 5-day stretch since 2020. A more aggressive stance on interest rate hikes by the Fed, and increasing odds …
ETFs On The Cutline – Updated Through 06/17/2022
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 June 17, 2022
ETF Tracker StatSheet You can view the latest version here. SEESAWING FOR THE DAY AND DUMPING FOR THE WEEK [Chart courtesy of MarketWatch.com] Moving the markets Stocks were fortunate that today’s $3.9 trillion quadruple options expiration’s event did not do more damage to an already beaten down equity market. While it was a seesaw day, the major indexes ended …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/16/2022
ETF Data updated through Thursday, June 16, 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 …
Fed Hikes Rates Sharply—Will Stay Aggressive
[Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated Fed announcement came and went, with the Fed hiking rates by 75 basis points, its largest increase since 1994. They also hinted at a similar increase in July, which indicated some seriousness about its inflation fighting efforts, but it also caught traders of guard. It’s been no secret that the Fed’s …
Early Bounce—Late Trounce
[Chart courtesy of MarketWatch.com] Moving the markets After an early pump, which faded in a hurry, the major indexes dug themselves another hole, but a late session bounce helped avoid a much worse outcome. Still, the Dow and S&P 500 scored another loss, with the Nasdaq clinging to its unchanged line and closing in the green by a tiny margin. …