[Chart courtesy of MarketWatch.com] Moving the markets Another strong rally lost half of its early gains late in the session, as the upbeat mood waned with some chart watchers confirming what I said yesterday, namely that big rebounds are not necessarily a sign that a bottom has been formed. More importantly, the indexes plunged into the close based on news …
Hope For A Fiscal Rescue Package Rescues Equities
[Chart courtesy of MarketWatch.com] Moving the markets The markets finally managed a solid comeback by using nothing but hope for a $2.5 trillion stimulus package as a springboard with the Dow scoring its best percentage gain (11%+) since 1933. However, history throws a shadow on that event, if you look at this chart and become aware of what happened afterwards. …
Tumbling Into A New Week
[Chart courtesy of MarketWatch.com] Moving the markets Despite the Fed saying that “aggressive action is needed” and subsequently proved it by introducing unlimited QE via purchases of $125 billion in securities every day, the markets managed to swing wildly but only “below” their respective unchanged lines. Analyst Graham Summers summed it up best: As I warned two weeks ago, the …
ETFs On The Cutline – Updated Through 03/20/2020
Below, please find the latest High-Volume ETF Cutline report, which shows how far above or below their respective long-term trend lines (39-week SMA) my currently tracked ETFs are positioned. This report covers the HV ETF Master List from Thursday’s StatSheet and includes 322 High Volume ETFs, defined as those with an average daily volume of more than $5 million, of …
ETF Tracker Newsletter For March 20, 2020
ETF Tracker StatSheet You can view the latest version here. CRASHING INTO THE WEEKEND [Chart courtesy of MarketWatch.com] Moving the markets Despite an early bounce along the green side of the unchanged line, reality set in, supported by the always unpredictable quad options expirations day, sending the markets reeling—again. The major indexes were hammered, with the S&P 500 getting …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/19/2020
ETF Data updated through Thursday, March 19, 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 …