ETF Tracker StatSheet You can view the latest version here. DOMESTIC TREND TRACKING INDEX (TTI) CROSSES INTO BULLISH TERRITORY [Chart courtesy of MarketWatch.com] Moving the markets During yesterday’s morning rebound, my proprietary Domestic Trend Tracking Index (TTI) peeked above its long-term trend line into bullish territory. Weakening afternoon momentum pulled the index back below its line, but I took …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/11/2022
ETF Data updated through Thursday, August 11, 2022 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 …
A ‘Cold’ CPI Reading Heats Up Markets
[Chart courtesy of MarketWatch.com] Moving the markets After the anticipated arrival of today’s CPI, which came in at 8.5% YoY, vs. an expected increase of 8.5%, the markets jumped with the Dow gaining some 500 points, a level we closed at. The bullish ramp showed no weakness during the session, as traders were relieved that the Fed may now back …
Surrendering Early Gains
[Chart courtesy of MarketWatch.com] Moving the markets An early rally of some 260 points in the Dow bit the dust, as questions about future demand in the semiconductor industry spoiled the party. Nvidia’s unexpected earnings preannouncement and guidance pulled the stock down by some 8% and cast questions on rival stocks as well. After having had a chance of looking …
ETF Tracker Newsletter For August 5, 2022
ETF Tracker StatSheet You can view the latest version here. PONDERING A STRONG JOBS REPORT [Chart courtesy of MarketWatch.com] Moving the markets After much anticipation, today’s jobs report came in stronger than expected (528k vs. 258k), which caused an early sell-off, but the major indexes managed to claw back towards their respective unchanged lines, even though uncertainty reigned. However, …
Moving Closer To A New “Buy” Signal
[Chart courtesy of MarketWatch.com] Moving the markets Traders and computer algos marched in sync today by ignoring the fact that the Fed might not be pivoting to lower rates for some time to come, which several Fed heads had made abundantly clear yesterday. Today, it was St. Louis Fed President Bullard confirming again that “he doesn’t think the US is …