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 April 10, 2020
ETF Tracker StatSheet You can view the latest version here. MARKETS IGNORE MOUNTAINS OF BAD NEWS [Chart courtesy of MarketWatch.com] Moving the markets The creation of rumors is one of the oldest tricks in the financial playbook to send markets in a desired direction. Such was the case last night in the futures markets, when original reports that the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/16/2020
ETF Data updated through Thursday, April 16, 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 …
Jobless Claims Soar—Markets Dump And Pump
Jobless Claims Soar—Markets Dump And Pump [Chart courtesy of MarketWatch.com] Moving the markets The major indexes went on another roller coaster ride but managed to eke out a green close. Today’s jobless numbers were almost as bad as last week’s with 5.245 million new filings for unemployment benefits, but at least this was in line with expectations. However, when looking …
Reality Strikes Markets—Earnings And Econ Data Slammed
[Chart courtesy of MarketWatch.com] Moving the markets Even the news scanning computer algos could not prevent an early market dump, as a variety of headlines confirmed what had been feared most, namely, an economic breakdown in a variety of sectors. Here’s a random capture of titles that caught my attention: Homebuilder Sentiment Collapses As Mortgage Purchase Apps Plunge To Lowest …
Hope Of A Reopening Economy Powers Markets
[Chart courtesy of MarketWatch.com] Moving the markets Hope of a reopening of the economy kept the bullish theme alive with the computer algos feasting on the latest news that the worst human toll of the coronavirus may have passed. ZeroHedge summed it up like this: In case stocks needed another reason to soar higher with 20% unemployment, 30% mortgage defaults, …