[Chart courtesy of MarketWatch.com] Moving the markets Positive earnings reports kept bullish momentum alive, with major companies showing strong report cards, which helped alleviate fears that Covid cases and rising costs might undermine corporate profit margins. So far, this has not happened. It was “go time” right after the opening bell, and the major indexes followed the path of least …
Signs Of Optimism
[Chart courtesy of MarketWatch.com] Moving the markets Friday’s ramp-a-thon did not carry through into this morning’s opening, as the major indexes dipped into the red. However, that move was quickly reversed, as equities recovered to close in the green led by the Nasdaq, which registered its fourth consecutive day of gains. The laggard was the Dow, which ended up hugging …
ETFs On The Cutline – Updated Through 10/15/2021
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 October 15, 2021
ETF Tracker StatSheet You can view the latest version here. EARNINGS SEASON POWERS EQUITIES [Chart courtesy of MarketWatch.com] Moving the markets Earnings season started with a bang yesterday, after some better-than-expected results unleashed bullish sentiment and sent the major indexes higher. Eight members of the S&P 500 beat Wall Street’s expectations, which set the positive tone for Thursday. That …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/14/2021
ETF Data updated through Thursday, October 14, 2021 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 …
Climbing Out Of A Hole
[Chart courtesy of MarketWatch.com] Moving the markets Two of the three major indexes found themselves in an early hole, but late session bullishness reversed the initial trend and assured a steady upward climb. The Dow reached its unchanged line, the S&P 500 ended up with moderate gains, but the Nasdaq bounced in the green all day and produced a solid …