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 2, 2020
ETF Tracker StatSheet You can view the latest version here. STAGGERING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Traders woke up this morning to a real October shock, namely that President Trump and his wife had tested positive for Covid-19, after one of his senior advisors, who traveled with him, had tested positive as well. The …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/01/2020
ETF Data updated through Thursday, October 1, 2020 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 …
Early Gains Dwindle
[Chart courtesy of MarketWatch.com] Moving the markets The futures market already fluctuated between stimulus pessimism and optimism causing the S&P to oscillate wildly, as this chart shows. The regular session continued with that volatile theme when, similarly to yesterday, an early rally hit a brick wall with the indexes resembling a roller-coaster ride. The exception was the Nasdaq, which continued …
Ending The Quarter With A Bounce
[Chart courtesy of MarketWatch.com] Moving the markets After the somewhat chaotic US presidential debate, the future markets headed lower by as much as 1%, with Asian trading being sloppy and choppy, while Europe also headed south. None of that mattered, as renewed hopes for further coronavirus stimulus pushed the major indexes to higher levels throughout the session in addition to …
Early Bounce—Late Trounce
[Chart courtesy of MarketWatch.com] Moving the markets Today was opposite day. After yesterday’s strong rally fed by enthusiasm over a fresh stimulus deal and new coronavirus vaccines, today’s early bounce hit the skids, as all these fuzzy feelings gave way to the reality that nothing may be accomplished, while pandemic deaths are on the rise in NY. In the end, …