[Chart courtesy of MarketWatch.com] The markets experienced a slight pullback, likely due to profit-taking after a strong November, during which the S&P 500 climbed over 5%. The Nasdaq suffered the most, partly because Nvidia’s stock fell by more than 3.5%. The latest Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred inflation gauge, rose 2.8% year-over-year. This is the …
Seasonal Patterns Suggest S&P 500 Could See Gains Through New Year
[Chart courtesy of MarketWatch.com] Despite an early dip, the Dow managed to recover, and all three major indexes maintained the bullish sentiment from the previous day, with the Nasdaq leading the charge. However, Small Caps diverged and closed in the red. Traders were grappling with the implications of Trump’s announcement of 25% tariffs on products from Mexico and Canada, along …
Dow And S&P 500 Hit Record Highs On Treasury Secretary Nomination
[Chart courtesy of MarketWatch.com] This morning, the Dow and S&P 500 surged into record territory following President Trump’s announcement of his Treasury secretary nominee, Scott Bessent. Traders reacted positively to the news, cheering the nomination of the hedge fund manager, who recently suggested that any tariffs proposed by Trump should be implemented gradually. Despite the potential peace deal between Israel …
ETFs On The Cutline – Updated Through 11/22/2024
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 November 22, 2024
ETF Tracker StatSheet You can view the latest version here. MAJOR INDEXES RECOVER AS BITCOIN NEARS $100K MILESTONE [Chart courtesy of MarketWatch.com] The major indexes continued their upward momentum, closing the week with gains and recovering from the previous week’s losses, which had seen the post-election rally lose steam. The markets appear to be stabilizing after absorbing the election …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/21/2024
ETF Data updated through Thursday, November 21, 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. …