[Chart courtesy of MarketWatch.com] Moving the markets Anxiety reigned supreme ahead of the Fed’s decision on interest rates, with the markets having priced in a meager 0.25% hike. That is despite the countless announcements by a host of speakers that “higher rates for longer” are the current policy theme, yet traders have battled the Fed every step of the way. …
ETF Tracker Newsletter For January 27, 2023
ETF Tracker StatSheet You can view the latest version here. STRONG EARNINGS KEEP THE RALLY ALIVE [Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s Q4 GDP report, which showed a rise of 2.9%, better than the consensus 2.6%, yet a cooldown from Q3’s 3.2%, was interpreted as bullish, and the major indexes continued to ramp higher totally ignoring that …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/26/2023
ETF Data updated through Thursday, January 26, 2023 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 …
Climbing Out Of A Deep Hole
[Chart courtesy of MarketWatch.com] Moving the markets Yesterday’s non-event session heated up in overnight trading, after Microsoft’s earnings at first spiked their stock price due to better-than-expected cloud service results. This moment of euphoria was short-lived, however, after the CEO presented lackluster guidance that would result in reduced earnings. That was end of the rally, and Microsoft tanked, making this …
Battling The Downtrend Line
[Chart courtesy of MarketWatch.com] Moving the markets An early Ramp-A-Thon lost some momentum during mid-session, but the pullback was contained and still enabled the major indexes to close solidly in the green. While the S&P 500 managed to finally break above its 200-day M/A, it was not yet able to hold the move above its longer-term downtrend line, which had …
ETF Tracker Newsletter For January 20, 2023
ETF Tracker StatSheet You can view the latest version here. A POSITIVE SESSION ENDS A LOSING WEEK [Chart courtesy of MarketWatch.com] Moving the markets After getting hammered three days in a row, the major indexes finally found some bullish support, despite today’s activity being dominated by options expirations. Hope reigns supreme that equity weakness early in the week was …