[Chart courtesy of MarketWatch.com] Moving the markets Friday’s rebound of hope found some support mid-session today, but suddenly lost steam and the major indexes headed back into the red except for the Dow, which eked out a small gain. It was another frustrating day for the bulls, with especially the Nasdaq getting hit hard again. Trading was choppy as concerns …
ETF Tracker Newsletter For May 13, 2022
ETF Tracker StatSheet You can view the latest version here. A LOSING WEEK ENDS ON A POSITIVE NOTE [Chart courtesy of MarketWatch.com] Moving the markets After many head fakes over the past few weeks, an early bounce found some staying power which, despite a mid-day pullback, had enough bullish support to propel the major indexes to a green close. …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/12/2022
ETF Data updated through Thursday, May 12, 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 …
Another Swan Dive
[Chart courtesy of MarketWatch.com] Moving the markets The pattern, that early ramps get wiped out during the session, has been occurring with such regularity, that we could conclude that they are merely dead-cat-bounces, i.e., hopeful leaps with no connection to reality. Today was no exception. The chart above clearly demonstrates that occurrence and here again, the major indexes got spanked, …
Aimless Chopping And Flopping
[Chart courtesy of MarketWatch.com] Moving the markets An early +500-point Dow relief rally died on the vine, as the index suddenly reversed course and dove into the red by -150 points before chopping and flopping around the unchanged line into the close. This marked the Dow’s 4th consecutive decline. The S&P 500 and Nasdaq followed a similar pattern but managed …
Barfing Into The Close
[Chart courtesy of MarketWatch.com] Moving the markets Not only did last week’s debacle continue this morning, but markets also took a sudden dive during the last hour of trading, with the S&P 500 breaching its psychologically important 4k marker to the downside to close slightly below it and at its lowest in 13 months. Again, this was a day with …