[Chart courtesy of MarketWatch.com] Moving the markets Despite a downside opening, the major indexes regained their upward momentum rather quickly and once climbed above their respective unchanged lines, continued their path to score another winning session. Support came from positive expectations of the upcoming earnings season, which will start later this week. For sure, some analysts are counting on blockbuster …
ETF Tracker Newsletter For July 9, 2021
ETF Tracker StatSheet You can view the latest version here. RIP ROARING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Despite weakness during this Holiday shortened week, stocks found their upside momentum again, right after the opening bell, and went on a rampage thereby leaving the bears in the dust by scoring solid gains across the board. …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/08/2021
ETF Data updated through Thursday, July 8, 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 …
Battling For Direction
[Chart courtesy of MarketWatch.com] Moving the markets The markets dumped right after the opening as concerns about the economic recovery losing steam went mainstream. No surprise here, as I had mentioned that issue in recent posts and more evidence surfaced this morning. Losses accelerated as Japan declared a state of emergency in Tokyo for the upcoming Olympics, and other …
Diving And Thriving
[Chart courtesy of MarketWatch.com] Moving the markets An initial bounce hit a brick wall and turned into a sudden dive with early gains being eradicated in a hurry. But, as we’ve seen many times before, a late morning rally pulled the major indexes out of a deep hole and pushed them back into the green with the Nasdaq lagging and …
Losing Altitude
[Chart courtesy of MarketWatch.com] Moving the markets The bullish move into July hit a brick wall this Tuesday, as some sense of reality set in, namely that all good things must come to an end, such as the S&P’s 7-day winning streak, even if only on a temporary basis. Such was the case today, as the major indexes took a …