[Chart courtesy of MarketWatch.com] The market went down the drain on Wednesday, thanks to Alphabet’s disappointing cloud numbers that dragged down the whole tech sector. The 10-year Treasury yield also bounced back above 4.95%, spooking growth investors and sending the 30-year above 5% again. Alphabet stock plunged over 9%, its worst drop since last October, as its cloud revenue fell …
Stocks Rise After Flip-Flopping, But Tech Giants Face Valuation Challenge
[Chart courtesy of MarketWatch.com] Stocks finally decided to go up on Tuesday, after changing their minds a few times, as investors paid attention to the latest earnings reports and bond yields. The 10-year yield stayed away from the scary 5% mark, which was a relief for everyone. Coca-Cola made more money than expected, and its stock jumped more than 3%. …
Treasury Yields Play Hide And Seek With 5%, Stocks End Lower
[Chart courtesy of MarketWatch.com] Monday was another wild ride for the stock market, as Treasury yields played peek-a-boo with the 5% mark. The 10-year note briefly crossed that threshold, only to retreat when hedge fund honcho Bill Ackman revealed that he had cashed out his bond shorts (with a nice profit) and warned that the economy was cooling off faster …
ETFs On The Cutline – Updated Through 10/20/2023
Do you want to know which ETFs are hot and which ones are not? Then you need my High-Volume ETF Cutline report. It tells you how close or far each of the 311 ETFs I follow is from its long-term trend line (39-week SMA). These are the ETFs that trade more than $5 million a day, so they are not …
ETF Tracker Newsletter For October 20, 2023
ETF Tracker StatSheet You can view the latest version here. BOND YIELDS RISE TO 5%, STOCKS DROP TO NEW LOWS [Chart courtesy of MarketWatch.com] Stocks got another slap in the face Friday, as traders freaked out over the 10-year Treasury yield flirting with 5%, a level that spells trouble for the economy and the stock market. Higher yields mean …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/19/2023
ETF Data updated through Thursday, October 19, 2023 How to use this StatSheet: These are the main indicators that tell you when to buy or sell Domestic and International ETFs (section 1 and 2). They do that by comparing their position to their long-term M/A (Moving Average). If they cross above, and stay there, it’s a green light to buy. …