[Chart courtesy of MarketWatch.com] On the last day of 2024, the major indexes initially found support, but sentiment shifted at midday, leading to a red close. The S&P 500 has now closed lower for four consecutive days. Despite this, the index recorded its second consecutive annual gain of over 20%, thanks to rate cuts, better-than-expected economic growth, and advances in …
Bond Yields Drop Slightly As Markets Struggle
[Chart courtesy of MarketWatch.com] The markets opened sharply lower today, with bullish sentiment notably absent as the major indexes fell more than 1.5%. However, they managed to bounce back from their worst levels of the day. Despite the light trading volume typical of a holiday-shortened week, traders found no clear catalyst for the market’s movements. Even lower bond yields couldn’t …
ETFs On The Cutline – Updated Through 12/27/2024
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 December 27, 2024
ETF Tracker StatSheet You can view the latest version here. DISAPPOINTING MACRO DATA AND RISING YIELDS DRIVE MARKET SELL-OFF [Chart courtesy of MarketWatch.com] On the final trading day of the holiday week, the major indexes suffered a pullback, with the Nasdaq leading the downturn. Despite the S&P 500 achieving its best Christmas Eve performance since 1974, today’s correction reduced …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/26/2024
ETF Data updated through Thursday, December 26, 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 Gains Amid Market Declines; Bitcoin And Oil Fall
[Chart courtesy of MarketWatch.com] The major indexes went through moderate declines early in the session as the markets absorbed recent gains from the holiday week, commonly referred to as the Santa Claus rally. This phenomenon typically occurs during the last five trading days of the year and the first two days of January. Historically, the S&P 500 has averaged a …