Tribeca Trade Group Weekly Commentary Newsletter March 10, 2019

Summary

  • The S&P lost the momentum of ’19 rally including the 5-day and 20-day MA, but importantly, it held support on Friday.
  • Transports saw the longest losing streak (12 days) since 1972!
  • Watch these support levels in S&P futures, IWM and IYT next week closely and look for a bounce or breakdown.
  • US Equity ETFs saw larger outflows -$6.3 billion last week (+$1.7 billion previous week). Overall International ETFs continue to be quieter and saw inflows of+$0.4 billion (-$0.6 billion previous week) and Fixed Income ETFs saw outflows of-$0.9 billion (+$0.5 billion previous week) last week.

5d performance: SPY -2.1%, DIA -2.2%, IWM -4.2%, QQQ -1.9%, EEM -2.0%, EFA -1.8%, TLT +2.5%, GLD +0.8%
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Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.

This article was written by

Christian Fromhertz is the founder & CEO of The Tribeca Trade Group with 15+ years of experience in the Financial Industry.Christian defines his investing / trading style as a Trend & Momentum Trader.  He finished 3rd in the USIC (US Investing Championship) Enhanced Growth Division in 2021 (first year of entering USIC).Previously, Christian was a Director and Senior ETF Trader with Bank of America Merrill Lynch. While at BAML, Christian traded for Institutional clients and provided risk markets in domestic, international, fixed income, commodity, and currency ETFs. He also traded programs, customized indices, futures and swaps on their Delta One Trading Desk. Christian started his career as a Financial Advisor with Morgan Stanley and received a MBA from Rutgers University, a B.A. in Management Finance and a B.S. in Economics from East Stroudsburg University
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