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 June 28, 2024
ETF Tracker StatSheet You can view the latest version here. H1 2024: A TALE OF RALLIES AND DISLOCATIONS – IS THE MARKET DANCING ON THIN ICE? [Chart courtesy of MarketWatch.com] The major indexes started the session on a positive note, as traders were pleased with the latest release of the Personal Consumptions Expenditure index. The PCE showed that inflation …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/27/2024
ETF Data updated through Thursday, June 27, 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. …
S&P 500 Nears Year-End Predictions Amidst Housing Market Collapse And Inflation Fears
[Chart courtesy of MarketWatch.com] Two of the three major indexes slipped early on, while the Nasdaq powered higher, as Nvidia edged up another 1% on top of Tuesday’s 7% gain. However, it had given most of it back by the time the closing bell rang. The MAG 7 stocks bucked that wild ride and continued yesterday’s path higher on a …
Mixed Economic Signals As Tech Rises And Consumer Confidence Wavers
[Chart courtesy of MarketWatch.com] A rebound in the tech sector helped the S&P 500 and Nasdaq to find some footing, with both indexes starting and ending the session on a positive note. Nvidia gave a much-needed assist by bouncing back from its latest slide, as did the MAG 7 stocks. The recent sell off pushed the AI darling more than …
Economic Crossroads: Inflation Data Looms As Gold And Oil Rally, Bitcoin Bruised
[Chart courtesy of MarketWatch.com] The Nasdaq was lagging as today’s session got underway with traders rotating out of the overbought tech sector and into financials, utilities, and energy, with oil climbing above the $81 level. Only the Dow managed a green close. Nvidia dropped some 5% on top of last week’s 4% decline, after the stock snapped an eight-week winning …