[Chart courtesy of MarketWatch.com] Markets often demand perfection, and this was evident in Nvidia’s performance. Despite posting better-than-expected third-quarter results and issuing strong guidance, Nvidia’s stock initially dipped moderately before surging higher. Some analysts expressed concerns over slowing revenue growth, suggesting that the most optimistic estimates in Nvidia’s forecast were not exceeded, leading to the initial pullback. It remains to …
Bitcoin Hits Record, Retail Stocks Plunge: Nvidia Earnings Anticipated
[Chart courtesy of MarketWatch.com] The markets opened in negative territory, with Nvidia’s stock slipping ahead of its highly anticipated earnings report. By the end of the session, the major indexes had recovered, closing near their starting points. Traders view Nvidia’s upcoming report as a potential catalyst to invigorate the market for the rest of the year, especially after the recent …
Bitcoin Nears $100K As Major Indexes Recover From Early Losses
[Chart courtesy of MarketWatch.com] Geopolitical tensions between Ukraine and Russia initially dragged the markets down, exacerbated by the U.S. administration’s approval for Ukraine to use American weapons to strike inside Russia, raising fears of a potential World War III scenario. Despite this, the Nasdaq was the first of the three major indexes to recover, buoyed by a 2.4% rise in …
Gold Rebounds, Crude Oil Recovers As Major Indexes Show Mixed Results
[Chart courtesy of MarketWatch.com] The major indexes ended the day with mixed results, as only the S&P 500 and Nasdaq managed to close in the green. The Nasdaq received a significant boost from Tesla, which surged approximately 7% following news of potential regulatory easing for self-driving vehicles. Traders are now turning their attention to Wednesday’s earnings release from chip giant …
ETFs On The Cutline – Updated Through 11/15/2024
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 15, 2024
ETF Tracker StatSheet You can view the latest version here. FED’S CAUTIOUS STANCE HALTS POST-ELECTION RALLY [Chart courtesy of MarketWatch.com] The major indexes opened lower as the post-election rally came to an abrupt halt following Fed Chair Powell’s comments yesterday that he is “in no hurry” to continue cutting rates. This statement put significant pressure on equities, casting doubt …