[Chart courtesy of MarketWatch.com] Moving the markets And the beat goes on. At least for the moment, the major indexes act like a run-away train with nothing being able to stop it. The S&P 500 and Nasdaq are continuing to rip higher and scored a 4th straight record close while the Dow finished at its highest point since February. Helping …
Taking A Breather
[Chart courtesy of MarketWatch.com] Moving the markets It comes as no surprise that, after yesterday’s strong run-up, the major indexes took a bit of a breather, however, they still managed to close in the green, despite dipping below the unchanged line several times during the session. So far, it looks that this month may turn out to be the second-best …
Equities Shift Into Overdrive
[Chart courtesy of MarketWatch.com] Moving the markets So much for the dog days of summer, as the S&P 500 and Nasdaq closed at record highs for the second day in a row powered by excitement over the new trade deal between the US and Mexico. The Dow successfully reclaimed the 26k level for the first time since February, while the …
ETFs On The Cutline – Updated Through 08/24/2018
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 366 High Volume ETFs ETFs, defined as those with an average daily volume of more than $5 million, …
ETF Tracker Newsletter For August 24, 2018
ETF Tracker StatSheet https://theetfbully.com/2018/08/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-08-23-2018/ TESTING RECORD HIGHS [Chart courtesy of MarketWatch.com] Moving the markets In the face of the worst durable goods order report in 6 months, indicating an accelerating US slowdown, the S&P and Nasdaq moved into record territory with the broad market showing a solid performance as well. Apparently, weak economic reports, including the ones on housing recently, …
Struggling For Direction
[Chart courtesy of MarketWatch.com] Moving the markets An early rally fizzled out mid-day with the major indexes suddenly tanking and closing modestly in the red. Today’s session had the feel of a typical summer day with volume disappearing causing the S&P sectors to trade lower and directionless. However, the object in focus that may impact markets tomorrow is the annual …