[Chart courtesy of MarketWatch.com] Moving the markets Another head fake session saw the Dow gaining over 300-points early on, but the rally quickly lost steam with the major indexes briefly dipping into the red, before a late push saved the day. The Dow settled at about unchanged, but the S&P 500 eked out a modest 0.31% advance. The early boost …
ETFs On The Cutline – Updated Through 06/03/2022
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 3, 2022
ETF Tracker StatSheet You can view the latest version here. KILLING THE DEAD-CAT BOUNCE [Chart courtesy of MarketWatch.com] Moving the markets Sometimes you simply must shake your head and laugh out loud. Yesterday’s rally, AKA another dead-cat-bounce, was such an occasion, as headline news were peppered with bearish announcements such as “plunging productivity,” an “ugly ADP announcement,” followed by …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/02/2022
ETF Data updated through Thursday, June 2, 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 …
Markets Get Double-Punched
[Chart courtesy of MarketWatch.com] Moving the markets After an early bounce, the markets got double punched via a variety of headlines that gave the bears the upper hand and allowed them to dominate this session. We learned that “inflation is sticky and degrowth is not slowing it,” as well as a warning by JP Morgan’s Jamie Dimon that “it’s a …
Running Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets A roller-coaster month saw the S&P 500 dip into bear market territory (-20% from its recent high), before last week’s rebound rally pulled the index out of the doldrums. But that move ended today, with the major indexes simply running out of steam at the end of the session. Inflation, monetary tightening and …