[Chart courtesy of MarketWatch.com] The market kept up its winning streak today, with the S&P and Nasdaq scoring big while the Dow barely budged. The S&P 500 has been on a roll for seven weeks, its longest run since 2017. The index is up more than 3% this month. The Dow and the Nasdaq are also up by more than …
ETFs On The Cutline – Updated Through 12/15/2023
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 December 15, 2023
ETF Tracker StatSheet You can view the latest version here. HOW LONG CAN THE MARKET DEFY GRAVITY? S&P AND RUSSELL HIT EXTREME LEVELS [Chart courtesy of MarketWatch.com] It was a wild ride for the market, but the bulls managed to win the day and keep the Santa Claus rally going. However, it was not smooth sailing. The market had …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/14/2023
ETF Data updated through Thursday, December 14, 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. …
How The Fed Surrendered To Inflation And Boosted The Stock Market
[Chart courtesy of MarketWatch.com] The stock market ended higher today, with the 10-year Treasury yield plunging to 3.92%, its lowest level since August. Investors were cheered by a surprise increase in retail sales, which suggested that the economy would avoid a hard landing in 2024. The bond market seemed to give an assist, as traders priced in more rate cuts …
Fed Delivers Early Christmas Present To Markets, Signals Three Rate Cuts In 2024
[Chart courtesy of MarketWatch.com] The Fed gave the markets a big gift by signaling that it will slash rates more than expected next year. The central bank kept the key interest rate unchanged for now, but projected three cuts in 2024, as inflation has cooled down from its recent highs. This was music to the ears of investors, who have …