[Chart courtesy of MarketWatch.com] Moving the markets It comes as no surprise that after last week’s market drubbing, a rebound of some sort was in order. One analyst quipped by posting the question: Can a cat with a coronavirus bounce? At least for right now, it seems that way, as the major indexes, motivated and supported by the Bank of …
ETF Tracker Newsletter For February 28, 2020
ETF Tracker StatSheet You can view the latest version here. A BLOODBATH WEEK [Chart courtesy of MarketWatch.com] Moving the markets I thought that after the drubbing of the past few days, with us getting out of the market altogether, that a rebound might finally be in order. But no such luck, as the Dow continued swan diving by being …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/27/2020
ETF Data updated through Thursday, February 27, 2020 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 …
Domestic TTI “Sell” Signal Confirmed—Back To Bear Market Territory
[Chart courtesy of MarketWatch.com] Moving the markets The adage that “sometimes nothing happens in a decade and sometimes a decade happens in a week” sure rang true, as the coronavirus induced sell fest continued with utter abandon with downward momentum accelerating. As I posted yesterday, my planned limited liquidation of broadly diversified domestic ETFs turned into a “Sell All” early …
Dow Surrenders An Early 400-Point Gain—Domestic TTI Goes Negative
[Chart courtesy of MarketWatch.com] Moving the markets The sudden turnaround in then markets kept me from liquidating those holdings that had come close to their trailing sell stops. It’s a known fact that sharp market drops can be followed by violent rebounds, which we saw early in the session. The only problem was that this move had the smell of …
Markets Continue The Path Of Least Resistance—Down
[Chart courtesy of MarketWatch.com] Moving the markets For those hoping for a turnaround Tuesday, it did not happen, as virus headwinds continued to spread around the world. An early rebound proved to be meaningless with the downward trend remaining intact. Internationally, it was worse than domestically, with our International TTI diving below its long-term trend line by a margin large …