[Chart courtesy of MarketWatch.com] Moving the markets Friday’s upward momentum carried into this week with the major indexes relentlessly reaching for higher levels with the Nasdaq ending at a record high for the first time since February. If this any indication, the Dow and the S&P 500 are on track to follow suit. Obviously, traders consider the Fed’s actions of …
ETFs On The Cutline – Updated Through 06/05/2020
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 322 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For June 5, 2020
ETF Tracker StatSheet You can view the latest version here. STARTING THE NEW “BUY” SIGNAL WITH A BANG [Chart courtesy of MarketWatch.com] Moving the markets The bulls came out swinging for the fences right after the opening bell, with the Dow surging over 1,000 points before settling for a gain of some +3.15% (829 points) supported by another giant …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/04/2020
ETF Data updated through Thursday, June 4, 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 …
Treading Water
[Chart courtesy of MarketWatch.com] Moving the markets The markets bounced around aimlessly all day, with the Nasdaq scoring a new intra-day all-time high early on, despite deteriorating earnings, which apparently was more than traders could handle, and the index headed south for no apparent reason. The Dow and the S&P 500 joined the slide, but only the Dow managed to …
Rocketing Higher—New Domestic “Buy” Signal Generated
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s levitation continued right after the opening bell with the major indexes storming ahead unabated. Today’s driver were improved ADP employment data, which solidly beat expectations. They remain negative but show a massive improvement from the prior month. Even crashing April factory orders, by the most in some 10 years, could not offset …