ETF Data updated through Thursday, September 5, 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 Prices Surge As Recession Fears And Lower Bond Yields Persist
[Chart courtesy of MarketWatch.com] After two consecutive losing sessions, the major indexes made a notable comeback, led by the Nasdaq, as traders revived the tech sector from its slump. Early on, bargain hunters took advantage of the dip, but bearish sentiment soon resurfaced, causing the Dow and S&P 500 to close in the red once again. Today’s jobless claims fell …
Markets Plunge Again As Early Gains Fade; September Volatility Looms
[Chart courtesy of MarketWatch.com] The major indexes began the session fluctuating around their respective unchanged lines with a slightly positive bias. Tech giant Nvidia managed to temporarily recover some of yesterday’s sharp losses, which marked the worst performance for equities since August 5th. However, early bullish enthusiasm faded, leading the markets to another red close. Dropping bond yields failed to …
Manufacturing Woes Trigger Market Plunge; Stagflation Fears Rise
[Chart courtesy of MarketWatch.com] Concerns about a slowing economy pulled the markets down from their lofty levels right after the opening bell. The tech sector led the decline, with Nvidia’s 10% drop providing no reason for traders to be bullish. Unsurprisingly, other semiconductor stocks followed suit and declined as well. The S&P 500’s 2.1% plunge marked its worst performance since …