[Chart courtesy of MarketWatch.com] The S&P 500 index continued its downward trajectory, extending its losing streak to five consecutive days. Wall Street witnessed a seesaw battle between optimism and caution, resulting in a lackluster recovery attempt. Meanwhile, the Nasdaq faced headwinds, struggling with a 3% decline this week, marking its longest negative streak since December 2022. Amidst this volatility, more …
Strange Trading Session: Stocks Go Vertical, Then Reverse
[Chart courtesy of MarketWatch.com] The S&P 500 extended its losing streak, dropping for a fourth consecutive session. Struggling technology stocks, including Nvidia, exerted downward pressure on the market. Interestingly, this is the third straight session where stocks opened higher but then faded throughout the day. Early in the trading day, stocks were sliding after the opening. However, around 10:55 AM …
Market Tension Rises Amid Geopolitical Strife And Yield Surges
[Chart courtesy of MarketWatch.com] In today’s financial landscape, the S&P 500 experienced a downturn as investors juggled the latest corporate earnings with rising yield concerns and geopolitical tensions. Federal Reserve Chair Powell’s remarks suggested that interest rates might remain high, dampening hopes for rate cuts and driving the 2-year yield above 5% for the first time since last November. Despite …
Gold Surges, Stocks Plunge: Is Tax Day The Market’s Moment Of Truth?
[Chart courtesy of MarketWatch.com] Despite a promising start with strong earnings from Goldman Sachs and encouraging retail data, the major indexes took a downturn, erasing the gains from the morning rally. The conflict in the Middle East remains a concern, but there is hope it won’t escalate further. Small Caps and the Mag7 stocks experienced a significant drop, reminiscent of …
ETFs On The Cutline – Updated Through 04/12/2024
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 April 12, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD GLITTERS AMID MARKET GLOOM, OUTSHINES S&P 500 IN TURBULENT TIMES [Chart courtesy of MarketWatch.com] Today, the stock market experienced a sharp decline as major U.S. banks began reporting their earnings amidst a backdrop of inflation and geopolitical tensions. JPMorgan Chase’s shares fell over 6% following its first-quarter earnings …