[Chart courtesy of MarketWatch.com] Moving the markets It came as no surprise that market sentiment took one on the chin, after Saturday’s drone attack on Saudi oil processing plants, which took about 5% of worldwide production offline. While the major indexes retreated, it was a modest haircut considering the recent advances. Oil prices spiked about 13%, down from an earlier …
ETFs On The Cutline – Updated Through 09/13/2019
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 September 13, 2019
ETF Tracker StatSheet You can view the latest version here. HOMING IN ON ALL-TIME HIGHS [Chart courtesy of MarketWatch.com] Moving the markets The markets got an early lift from retail sales, despite the August report showing a mixed picture. While purchases of new autos and building supplies contributed to the rise of 0.4% last month, most other stores reported …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/12/2019
ETF Data updated through Thursday, September 12, 2019 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 …
Rally Expands—Then Runs Out Of Steam
[Chart courtesy of MarketWatch.com] Moving the markets An early rally ended up running out of steam and might have even produced a red close, but fortunately, we ran out of trading time. The initial boost came from Europe, as the European Central Bank (ECB) followed through on hopes that they’d dig into their toolbox and cut the deposit rate further …
S&P 500 Reclaims Its 3,000-Milestone Marker
[Chart courtesy of MarketWatch.com] Moving the markets After a slow start, upward momentum picked up, and after a brief dip late in the session, the major indexes surged into the close led by the Nasdaq. The S&P 500 managed to barely reclaim its 3k marker, which it had surrendered at the beginning of August, while the Dow notched its 6th …