[Chart courtesy of MarketWatch.com] Moving the markets Ripping higher after the sound of today’s opening bell had barely faded was the meme for the day with the major indexes posting solid gains after last week’s Fed induced pullback. Dipping into the red early on was the Nasdaq, which recovered but lagged throughout the session. When all was said and done, …
ETFs On The Cutline – Updated Through 06/18/2021
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 June 18, 2021
ETF Tracker StatSheet You can view the latest version here. THE FED HANGOVER CONTINUES [Chart courtesy of MarketWatch.com] Moving the markets The fact that the Fed’s announcement of higher rates possibly in 2023, some 2 years from now, caused such a disturbance in the financial markets, goes to clearly confirm the one thing I have been pounding on for …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/17/2021
ETF Data updated through Thursday, June 17, 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 …
Swinging Wildly
[Chart courtesy of MarketWatch.com] Moving the markets The morning, after the Fed’s announcement that it envisions two rate hikes in 2023, thereby subtly admitting that inflation may not be transitory, traders were shocked to see today’s market reaction, as this chart demonstrates. ZeroHege described it this way: Traders are watching in stunned amazement at what is going on in the …
Hawkish Fed Disturbs Bullish Sentiment
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed leaving interest rates unchanged for the time being, it was the outlook that disturbed the bulls today. Inflation expectations were raised to 3.4% for 2021, which is 1% higher than the March projection. The time frame as to when rate hikes might occur was moved to 2023, during which two …