[Chart courtesy of MarketWatch.com] Moving the markets On deck today were the Fed minutes from the July meeting, which disclosed what everyone already knew, namely that discussions about a possible reduction of its monthly $120 billion bond buying program had already happened. Here’s what the minutes said: Looking ahead, most participants noted that, provided that the economy were to evolve …
Stocks Dump—Where’s The Afternoon Pump?
[Chart courtesy of MarketWatch.com] Moving the markets An early dump in the markets was not followed by the usual afternoon pump, as a meager rebound attempt failed to make up for the early losses. Contributing to the sour mood were declining retail sales, as the artificial boom created by almost 18 months of “stimmy checks” had worn off. Other econ …
Dipping and Ripping
[Chart courtesy of MarketWatch.com] Moving the markets Overnight, Chinese econ data came in far below expectations thereby pulling down the futures markets. Even though their retail sales increased by 8.5% in July, it was a far cry from the expected 11.5% forecast. The manufacturing sector figure disappointed as well. This negative sentiment carried over into the regular session with the …
ETFs On The Cutline – Updated Through 08/13/2021
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 August 13, 2021
ETF Tracker StatSheet You can view the latest version here. GRINDING OUT ANOTHER WIN [Chart courtesy of MarketWatch.com] Moving the markets It was a struggle, but the major indexes managed to close in the green again and finish another week with a win. Early this morning, the Dow and S&P 500 made new all-time highs but skidded lower throughout …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/12/2021
ETF Data updated through Thursday, August 12, 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 …