[Chart courtesy of MarketWatch.com] Moving the markets The day started with another rollercoaster ride, as equity futures first plunged, along with markets in China and Europe, but a sudden U-turn, due to changing sentiment, started the ramp-a-thon, even though the scheduled Fed’s rate hike tomorrow represents the uncertainty on deck. As a result, and despite the bear’s relentless efforts …
Another “Hope” Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets As we’ve seen recently with almost regular frequency, early rallies suddenly reversed, got wiped out and turned into losses. Today was no exception when a 300-point surge in the Dow hit the skids, and south we went. The Nasdaq took the biggest hit with a -2.04% loss. Oil, commodities, and gold gave back …
ETFs On The Cutline – Updated Through 03/11/2022
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 March 11, 2022
ETF Tracker StatSheet You can view the latest version here. REALITY DOMINATES OPTIMISM [Chart courtesy of MarketWatch.com] Moving the markets Optimistic traders, who followed the latest firehose of news headlines and pushed the major indexes higher at the opening, had to face reality eventually, because actual happenings erased the early enthusiasm. Not helping matters was the fact that the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/10/2022
ETF Data updated through Thursday, March 10, 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 …
Swinging Wildly
[Chart courtesy of MarketWatch.com] Moving the markets Another crazy day on Wall Street had equities swinging wildly, although with reduced magnitude. In the end, the major indexes crawled back but failed to reach their respective unchanged lines. Every directional turn appears to be headline driven, as the bulls and bears continue to slug it out. Failed peace talks between Russia …