[Chart courtesy of MarketWatch.com] Early in the session, the Dow Jones reached record territory, but the S&P 500 and Nasdaq struggled to maintain their initial bullish momentum, with the Nasdaq slipping below its unchanged line. Traders are eagerly awaiting one of the Federal Reserve’s most anticipated policy meetings, where the likelihood of the first rate cut since 2020 is nearly …
ETFs On The Cutline – Updated Through 09/13/2024
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 September 13, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD OUTSHINES S&P 500 YTD AS TRADERS EYE FED’S NEXT MOVE [Chart courtesy of MarketWatch.com] Despite the S&P 500 still being down for the month, it just completed a five-day winning streak, recovering most of the early September losses. The index gained over 4% this week, with the Dow …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/12/2024
ETF Data updated through Thursday, September 12, 2024 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. …
Gold Surges To New High Amid Stagflation Concerns
[Chart courtesy of MarketWatch.com] The major indexes initially opened lower but quickly rebounded, as traders ignored the latest Producer Price Index (PPI) report, which showed a 0.2% increase in wholesale prices for August, aligning with expectations. This followed the previous day’s Consumer Price Index (CPI) report, which indicated a rise in core prices, excluding the volatile energy and food categories. …
Nvidia’s CEO Sparks Market Rebound Amid Inflation Woes
[Chart courtesy of MarketWatch.com] Early trading saw equities take another dive as the latest inflation data wreaked havoc on the markets. However, following this significant downturn, a remarkable intraday recovery pushed the major indexes firmly into the green. This turnaround was largely driven by Nvidia’s CEO, who reassured investors by stating, “the demand for chips is so great, everyone wants …