ETF Data updated through Thursday, March 7, 2019 Methodology/Use of this StatSheet: 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. Trend Tracking Indexes (TTIs) Buy or Sell decisions for Domestic and International ETFs (section …
Global Growth Fears Smack Equities
[Chart courtesy of MarketWatch.com] Moving the markets Right after the opening bell, equities hit the skids with the Dow dropping some 300 points before finding some footing. Causing this upheaval was the European Central Bank’s (ECB) Draghi, who unveiled a massive monetary easing program and an extended NIRP (Negative Interest Rates) period. While that should have been a positive for …
Trade Optimism Slips—Equities Follow Suit
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes were unable to touch the plus side of the unchanged line, as the historic Christmas rebound struggled for the second day with the S&P 500 not being able to decisively cross above its apparent glass ceiling, namely the 2,800 level. Global markets slipped as well with investors waiting for new …
Clinging To The Unchanged Line
[Chart courtesy of MarketWatch.com] Moving the markets Aimless meandering probably best describes today’s session during which traders looked in vain for catalysts to establish market direction. There were none, so we bounced around the unchanged line in a narrow range, as neither bulls nor bears could find some footing. In the end, the major indexes closed slightly in the red; …
Losing Support And Dumping Into The Red
[Chart courtesy of MarketWatch.com] Moving the markets Sure, eventually there had to be a market pullback, as only hype and euphoria surrounded the U.S.-China trade talks with hard evidence of progress still seeming to be nebulous. This is what we saw today, as optimism about a concrete resolution simply faded. An early rally vanished in a hurry with the Dow …
ETFs On The Cutline – Updated Through 03/01/2019
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 …