[Chart courtesy of MarketWatch.com] Moving the markets Finally, after several weeks of bouncing above and below my domestic trend line, which separates bullish from bearish territory, today’s downside piercing was enough to confirm that the existing “Buy” cycle had finally come to an end. For tracking purposes, the effective date will be tomorrow, February 24th. This shift to “Sell” mode …
Melting Down And Not Melting Up
[Chart courtesy of MarketWatch.com] Moving the markets Given the overall geopolitical tensions, some real and some made up, I would have expected the markets to take a steeper dive. However, the pullback was slow and steady with no panic selling, but a melt-up attempt during the last hour hit the skids. The major indexes gave back over 1% with the …
ETFs On The Cutline – Updated Through 02/18/2022
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 February 18, 2022
ETF Tracker StatSheet You can view the latest version here. CHOPPING AND DROPPING [Chart courtesy of MarketWatch.com] Moving the markets Despite several attempts to reclaim their respective unchanged lines, the major indexes failed and, after chopping around aimlessly all week, succumbed to selling pressure. The S&P 500 surrendered 1.6% over the past 5 trading days, while the indexes scored …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/17/2022
ETF Data updated through Thursday, February 17, 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 …
On The Cusp Of A Sell Signal
[Chart courtesy of MarketWatch.com] Moving the markets If you think recent market behavior was downright nutty, nonsensical, and non-directional, you are not only correct, but you are also not alone. After Tuesday’s relief bounce, and yesterday’s comeback, traders were disappointed today that there was no follow-through buying, but also that the bears emerged full force and slammed the major indexes …