[Chart courtesy of MarketWatch.com] Equities slipped early on, as bullish sentiment faltered slightly after the consistent recovery over the past week, with the S&P 500 registering eight straight winning sessions. Reduced volatility was the main contributor after the disastrous start to August. Earnings reports were mixed, with Palo Alto Networks jumping while home retailer Lowe’s dropped after poor revenue and …
Markets Rebound Despite Early Slips And Economic Concerns
[Chart courtesy of MarketWatch.com] Coming off a winning week, the major indexes initially slipped but managed to regain their footing, closing in the green once again. The markets went through a significant downturn in early August due to the Japanese yen debacle and disappointing jobs data, which heightened traders’ concerns that the Federal Reserve was lagging in easing its interest …
ETFs On The Cutline – Updated Through 08/16/2024
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 August 16, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD SURGES TO RECORD HIGH AS DOLLAR HITS 5-MONTH LOWS [Chart courtesy of MarketWatch.com] The major indexes entered a consolidation phase following this week’s recovery rally, which erased the losses sustained in early August. The S&P 500 has now broken even. A midday comeback propelled US equities to their …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/15/2024
ETF Data updated through Thursday, August 15, 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. …
Retail Sales Boost Equities, But Economic Concerns Persist
[Chart courtesy of MarketWatch.com] The major indexes surged right after the opening bell, driven by growing trader confidence that a recession could be avoided due to better-than-expected retail sales. The July retail numbers reportedly increased by 1%, significantly surpassing the forecast of 0.3%, while volatile jobless claims fell for the week. However, revisions are likely on the horizon, as ZH …