[Chart courtesy of MarketWatch.com] The tech sector saw a significant boost, led by Advanced Micro Devices (AMD), which lifted the Nasdaq to an impressive gain after surpassing second-quarter expectations. Nvidia followed suit, achieving its largest single-day gain ever at 12%. Meanwhile, Microsoft experienced a decline due to underwhelming cloud business performance but managed to recover by the close of trading. …
Market Volatility: Dollar Steady, Gold Rises, Bitcoin Nears $66k
[Chart courtesy of MarketWatch.com] The stock market opened on a positive note but soon fluctuated around their respective unchanged lines, as traders focused on earnings reports and the Federal Reserve’s policy meeting. By the end of the session, only the Dow managed to close in positive territory, while the S&P 500 and Nasdaq ended in the red. Interestingly, despite the …
Tech Giants’ Earnings And Fed Meeting Keep Markets On Edge
[Chart courtesy of MarketWatch.com] With a busy week of earnings ahead, the major indexes began the session on a positive note. However, after much fluctuation, they ended nearly unchanged. The tech sector is poised for significant movement as industry giants like Microsoft, Meta, Amazon, and Apple are set to report their earnings in the coming days. Additionally, the Federal Reserve …
ETFs On The Cutline – Updated Through 07/26/2024
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 July 26, 2024
ETF Tracker StatSheet You can view the latest version here. MARKET AWAITS KEY MACRO EVENTS AFTER WEEK OF MIXED PERFORMANCES [Chart courtesy of MarketWatch.com] Today, stocks staged a notable comeback, attempting to recover some of the declines experienced earlier in the week as traders analyzed the latest inflation data. Several factors contributed to this rebound: Market sentiment was oversold, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/25/2024
ETF Data updated through Thursday, July 25, 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. …