[Chart courtesy of MarketWatch.com] Moving the markets Overnight, the Japanese markets painted a gloomy picture, as Tokyo pushed for a third COVID state of emergency with new cases spiking. Full-fledged lockdowns are being considered with the IOC possibly canceling this summer’s Olympics. That gloomy mood carried over into the US markets, with major indexes opening to the downside but never …
Stumbling Off The Highs
[Chart courtesy of MarketWatch.com] Moving the markets The major indexes started the week in the red and stayed there throughout the session, as it appeared that traders had lost their appetite and any buying motivation. Weakness in the tech sector did not help and, given the fact that the Dow and S&P 500 just scored new highs on Friday, it …
ETF Tracker Newsletter For April 16, 2021
ETF Tracker StatSheet You can view the latest version here. CLOSING A WINNING WEEK ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets New records were set again today, as the Dow and S&P 500 continued their ascent to ever new highs. Strong earnings from blue chip companies gave the assist, as well as data signaling that …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/15/2021
ETF Data updated through Thursday, April 15, 2021 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 …
Dow And S&P 500 Score New Records
[Chart courtesy of MarketWatch.com] Moving the markets The unchanged line was nowhere near in sight, as the major indexes roared higher after the opening bell and never looked back with the Dow and S&P 500 reaching new all-time highs. Big tech surged and maintained their dominance over SmallCaps, while “growth” outperformed “value.” Strong earnings and some economic reports painted a …
Banks Rally—Tech Cools Off
[Chart courtesy of MarketWatch.com] Moving the markets After an early pump, the major indexes lost momentum with the S&P 500 and Nasdaq ending up in the red, while the Dow managed to stay above its unchanged line. Strong bank earnings helped the financial sector with XLF gaining +0.63%, but that was offset by tech stocks tanking, despite the widely anticipated …