[Chart courtesy of MarketWatch.com] Moving the markets US core consumer price inflation reared its ugly head as a 0.2% expected rise in the CPI index turned out to be wishful thinking with the real number showing a surge of 0.8% MoM, which represents an explosion of 4.2% YoY. As ZeroHedge pointed out, this is the biggest YoY jump since September …
Tech Reverses, But Broad Market Drops
[Chart courtesy of MarketWatch.com] Moving the markets We saw another wild day in the markets with the major indexes tanking, as the Nasdaq was still negatively influenced by rising valuations and ever climbing inflation fears. It was a strange day, because the tech sector rebounded in the afternoon, in part due to Amazon Buyback rumors, which traders took as a …
An Early Rally Bites The Dust
[Chart courtesy of MarketWatch.com] Moving the markets An early rally, at least for the Dow, petered out with all 3 major indexes diving into the close. The S&P 500 managed to hug its unchanged line for most of the day but succumbed to weakness in the end with the Nasdaq being the guilty party dragging down the indexes. Technology continued …
ETFs On The Cutline – Updated Through 05/07/2021
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 May 7, 2021
ETF Tracker StatSheet You can view the latest version here. WHEN BAD NEWS IS GOOD NEWS [Chart courtesy of MarketWatch.com] Moving the markets The much-anticipated jobs numbers turned into a huge disappointment and were downright shocking when the BLS revealed that only 266k jobs were added vs. expectations of 1 million. Worse yet was the fact that, when looking …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/06/2021
ETF Data updated through Thursday, May 6, 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 …