ETF Tracker StatSheet https://theetfbully.com/2017/03/weekly-statsheet-etf-tracker-newsletter-updated-03232017/ HEALTH CARE BILL FAILS; MARKETS SINK [Chart courtesy of MarketWatch.com] Moving the Markets In a repeat performance of yesterday, an early rally stalled and reversed leaving the major indexes about unchanged for the day but down for the week with the S&P 500 surrendering some -1.4%. As I mentioned throughout the week, the most widely …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/23/2017
ETF Data updated through Thursday, March 23, 2017 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 …
Hope Rally Fails As Health-Care Bill Vote Is Delayed
[Chart courtesy of MarketWatch.com] Moving the Markets One look at the above chart shows the type of roller coaster ride the major indexes went through resulting from continued uncertainty about the outcome of the health care vote. In the end, hope of a passage got crushed as the vote got postponed on doubts that it can pass handing Trump a …
Upcoming Healthcare Vote Keeps Markets In Check
[Chart courtesy of MarketWatch.com] Moving the Markets Since market participants did not show much commitment one way or the other, the major indexes ended up hovering slightly above and below the unchanged line but managed to close slightly above it except for the Dow, which gave back a tiny -0.03%. Considering yesterday’s sharp selloff, today’s lack of follow through to …
Banks & Stocks Bleed While Gold Shines
[Chart courtesy of MarketWatch.com] Moving the Markets An early rally attempt driven by Apple reaching new all-time highs was rebuffed in a hurry, as worries surfaced that Trump may not be able to deliver on his promised tax cuts as quickly as had been assumed, an assumption that has been the reckless driver of the market in recent months. Right …
Equities Lower; Precious Metals Higher
[Chart courtesy of MarketWatch.com] Moving the Markets An early rebound attempt ran out of steam as the Fed paraded a couple of their mouthpieces, who managed to spew some words of hawkishness to undermine any positive market momentum. First it was Fed’s Harker, who caused some worries with announcing that we “can’t rule out more than 3 hikes this year,” …