[Chart courtesy of MarketWatch.com] Moving the markets As the futures last night indicated, today would be a downer for the markets, and that’s exactly how it turned out. The Dow was down over 900 points mid-day but recovered to “only” close in the red by some -500 points. The other two major indexes slumped in similar fashion but recouped better …
ETFs On The Cutline – Updated Through 09/18/2020
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 September 18, 2020
ETF Tracker StatSheet You can view the latest version here. STUMBLING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Sloppy and choppy best describes the swan dives the major indexes did today, as the S&P 500 gave up gains made early in the week and closed with a modest loss of some -0.66%. A last hour bounce …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/17/2020
ETF Data updated through Thursday, September 17, 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 …
Fed Keeps Rates Unchanged—An Early Pop Is Followed By A Late Drop
[Chart courtesy of MarketWatch.com] Moving the markets The Fed did everything it could to put a positive spin on its pledge to keep rates low for the next few years: The U.S. central bank kept interest rates near zero. Members of the Fed’s policymaking committee also indicated the overnight rate could stay near zero through 2023. “With inflation running persistently …
Tech In Rebound Mode
[Chart courtesy of MarketWatch.com] Moving the markets After its worst week since March, the tech sector managed to bounce back, along with the other major indexes, to end the session solidly in the green but off the intra-day highs. The big jump happened right after the opening on news of corporate deal making and improved prospects for a Covid-19 vaccine …