[Chart courtesy of MarketWatch.com] Following Friday’s significant gains, the S&P 500 opened with a surge and reached another record high, driven by anticipation of positive earnings reports, despite the bond market being closed for Columbus Day. Rumors from China about a new stimulus plan (quantitative easing) laid the groundwork for today’s market action, propelling both equities and cryptocurrencies significantly higher. …
ETFs On The Cutline – Updated Through 10/11/2024
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 October 11, 2024
ETF Tracker StatSheet You can view the latest version here. INFLATION FEARS PERSIST AS STAGFLATION LOOMS, YET MARKETS CLIMB HIGHER [Chart courtesy of MarketWatch.com] After undergoing a dip on Thursday, the major indexes regained upward momentum, with the S&P 500 not only achieving a fifth consecutive winning week but also setting a record. However, the Nasdaq lagged, partly due …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/10/2024
ETF Data updated through Thursday, October 10, 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. …
Indexes Retreat As Inflation And Unemployment Rise
[Chart courtesy of MarketWatch.com] The major indexes retreated from their elevated levels as rising inflation and unemployment provided traders with a sobering reality check. Despite these concerning figures, the pullback was moderate, even though they suggest potential stagflation—characterized by higher inflation coupled with stagnant or slow economic growth. Core consumer prices, a key metric favored by the Federal Reserve, increased …
Fed Minutes Fuel Market Rally As Major Indexes Surge
[Chart courtesy of MarketWatch.com] The markets attempted to build on yesterday’s recovery, with major indexes starting the day on a positive note. This momentum was boosted by the release of the Federal Reserve’s September meeting minutes, which revealed that most participants favored a larger 0.5% rate cut over a more modest 0.25%. This news fueled bullish sentiment, leading to a …