[Chart courtesy of MarketWatch.com] Moving the Markets US oil got spanked again at the tune of -2.19% on top of yesterday’s 3.85% loss, hurting the energy sector and negating advances in the financial and healthcare arenas. The S&P was unchanged, but the Nasdaq managed to buck the trend again by advancing +0.36%. Midday, it looked like the Dow might be …
Slowing Momentum
[Chart courtesy of MarketWatch.com] Moving the Markets At least for today, New Year momentum slowed as the major indexes predominantly hovered below the unchanged line and closed at their lows for the session. The exception was the Nasdaq, which managed to eke out a gain of +0.19%. It was a tale of opposing market forces as technology strength was offset …
ETFs On The Cutline – Updated Through 01/06/2017
Below please find the latest High Volume ETFs 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 …
ETF Tracker Newsletter For January 6, 2017
ETF Tracker StatSheet https://theetfbully.com/2017/01/weekly-statsheet-for-the-etf-tracker-newsletter-updated-through-01052017/ Market Commentary Dow 19,963.80 [Chart courtesy of MarketWatch.com] Moving the Markets The assault at the Dow 20k marker continued but fell short once again. Given that we are in a manipulated market environment, I am pretty sure that we will conquer that milestone prior to the change in administrations on January 20th. After that, it’s anybody’s …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/05/2017
ETF Data updated through Wednesday, January 05, 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 …
Aimless Meandering
[Chart courtesy of MarketWatch.com] Moving the Markets After a good start in the New Year, softness set in with the major indexes meandering aimlessly although the Nasdaq managed to eke out a small gain. Weighing on the broad market were sharp drops in Kohl’s and Macy’s after yesterday’s announcement that the holiday season was not only poor, but that also …