[Chart courtesy of MarketWatch.com] Oil prices dropped by over 4%, which helped equities rebound after yesterday’s losses. Despite ongoing tensions, Israel has yet to retaliate. Bond yields rose slightly, but not enough to prevent a market recovery, with the Nasdaq leading the charge. The Middle East conflict, upcoming elections, hurricane damage, and other uncertainties are expected to increase market volatility. …
Rising Bond Yields And Oil Prices Drag Major Indexes Down
[Chart courtesy of MarketWatch.com] The financial markets were significantly impacted by climbing bond yields and surging oil prices, which drove the major indexes down throughout the session. The 10-year yield rose above the 4% mark for the first time since August, rebounding from a low of 3.60% in September. This sharp increase comes despite the Federal Reserve’s efforts to lower …
ETFs On The Cutline – Updated Through 10/04/2024
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 4, 2024
ETF Tracker StatSheet You can view the latest version here. GOVERNMENT JOBS SOAR, PRIVATE SECTOR GROWTH LAGS [Chart courtesy of MarketWatch.com] The much-anticipated jobs report exceeded expectations, driving major indexes higher. However, the question remains: how much will these figures be revised in the future? Historically, six out of the last seven releases have been significantly downgraded. Nonfarm payrolls …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/03/2024
ETF Data updated through Thursday, October 3, 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. …
Market Uncertainty Prevails Amid Rising Oil Prices And Economic Concerns
[Chart courtesy of MarketWatch.com] The stock market exhibited a pattern of bobbing and weaving today, as uncertainty dominated, and the major indexes fluctuated around their respective unchanged lines. October has started on a weak note, with sentiment dampened by escalating tensions in the Middle East and the uncertain impact and duration of the East Coast port strike. Both events are …