[Chart courtesy of MarketWatch.com] The Fed dashed the hopes of traders who were looking for some hints of interest rate cuts in the latest meeting minutes. Instead, the central bank said it would keep its policy “restrictive” to tame inflation, which could rise further. The Fed kept the interest rate unchanged at 5.25% to 5.5% in its meeting on Oct. …
Market Divergence: Nasdaq Nears Record High Amid Tight Financial Conditions And Weak Leading Indicators
[Chart courtesy of MarketWatch.com] The U.S. stock market continued its bullish run as it entered the Thanksgiving week, which will have a shorter trading schedule. Traders are feeling optimistic after the latest inflation data showed a lower-than-expected increase in consumer prices, easing the fears of a prolonged period of high inflation and aggressive rate hikes by the Federal Reserve. Some …
ETFs On The Cutline – Updated Through 11/17/2023
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 November 17, 2023
ETF Tracker StatSheet You can view the latest version here. THE NASDAQ’S EERIE RESEMBLANCE TO 1999: A WARNING SIGN OR A COINCIDENCE? [Chart courtesy of MarketWatch.com] The stock market gained modestly on Friday, capping off another week of gains in a sizzling November rally. This was the third consecutive week of positive returns for all three indexes. What fueled …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/16/2023
ETF Data updated through Thursday, November 16, 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. …
Market Summary: Stocks Flat, Bonds Yields Down, Gold Up
[Chart courtesy of MarketWatch.com] The stock market seemed to take a break from its recent rally today, as the major indexes barely moved from their opening levels. The S&P 500 and Nasdaq managed to squeeze out some gains, but the Dow closed slightly lower. Tech stocks were hit hard by disappointing earnings and guidance from Cisco Systems and Palo Alto …