[Chart courtesy of MarketWatch.com] Moving the markets Throughout the session, the major indexes hovered below their respective unchanged lines, as US-China trade news offered a mixed picture, while a look ahead to the upcoming central bank policy meetings kept traders on edge. Except for a last-minute spike in equities, interest rates kept a lid on advances with the 10-year bond …
ETFs On The Cutline – Updated Through 09/06/2019
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 6, 2019
ETF Tracker StatSheet You can view the latest version here. SHRUGGING OFF A POOR JOBS REPORT [Chart courtesy of MarketWatch.com] Moving the markets Today’s jobs report came in weaker than expected, as only 130k jobs were created in August vs. a hoped for 170k. Stocks shrugged off the poor number with traders and algos alike seeing the positive in …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/05/2019
ETF Data updated through Thursday, September 5, 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 …
Breakout!
[Chart courtesy of MarketWatch.com] Moving the markets Just when you thought the trade deal was dead, news that US and Chinese officials declared a tentative resumption of tariff talks made the headlines, and off to the races we went with the computer algos pushing the indexes sharply higher. Mind you that nothing worthwhile was accomplished. The warring parties simply agreed …
Injecting Bullish Sentiment
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes staged a turnaround, after yesterday’s pullback, encouraged by an apparent ease in Hongkong tensions. Chief executive Carrie Lam announced that she would withdraw the controversial extradition bill that has sparked months of violent protests, which were feared to eventually hurt the business climate and global financial markets. While this bill …