[Chart courtesy of MarketWatch.com] The market had a good start today, thanks to some chill inflation numbers. But then it ran out of gas. Literally. Gas prices dropped like a rock, dragging down the producer price index (PPI) by half a percent. That’s the biggest fall since the pandemic started. But if you take out food and energy, the PPI …
Stocks Surge On Tame Inflation Report, But Is It Too Good To Be True?
[Chart courtesy of MarketWatch.com] Stocks soared on Tuesday, continuing their impressive November rally, as investors celebrated a mild inflation report that suggested the Fed might be done raising interest rates. Tuesday’s gains added to the remarkable recovery this month for stocks. The S&P 500 is up 7.3%, erasing the losses since our “Sell” signal on 9/22/2023. See section 3 below …
U.S. Stocks In Limbo As Moody’s Cuts Outlook
[Chart courtesy of MarketWatch.com] U.S. stocks wandered around like lost sheep today, apparently unfazed by Moody’s Investors Service cutting its U.S. credit rating outlook to negative from stable on Friday. The downgrade reflects the U.S.′ “very large” fiscal deficits and the political deadlock in Washington that prevents any meaningful action. The ratings agency still gave America an AAA rating, the …
ETFs On The Cutline – Updated Through 11/10/2023
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 10, 2023
ETF Tracker StatSheet You can view the latest version here. S&P 500 RIDES THE BUYBACK WAVE, IGNORES THE LIQUIDITY DROUGHT [Chart courtesy of MarketWatch.com] The stock market had another good day today, as investors ignored rising bond yields that threaten to ruin their party. The S&P 500 ended the week with a 1% gain, despite losing its winning streak …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/09/2023
ETF Data updated through Thursday, November 9, 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. …