[Chart courtesy of MarketWatch.com] For a moment, we saw the S&P 500 trade above its 5,500 level, as the tech rally continued unabated with Nvidia in the lead. However, during this session the tech darling took a dive and scored its worst day in two months. Is it starting to look toppy? In the end, the S&P 500 and Nasdaq …
Nvidia’s Meteoric Rise Leads Market Rally, Dotcom Déjà Vu?
[Chart courtesy of MarketWatch.com] The major indexes opened slightly higher despite disappointing retails sales. While they rose 0.1% in May, expectations were for a more solid 0.2%. This latest result is a sign that consumer demand is weakening, and this 0.1% growth may simply have been the result of inflation. Rising consumer demand is critical for the markets, because without …
Market Resilience Tested As Retail Sales Loom, Yet Majors Rally On Economic Optimism
[Chart courtesy of MarketWatch.com] The indexes were closely hugging their respective unchanged line at the start of the session, as we entered the Holiday shortened week. Some of this uncertainty was based on tomorrow’s release of the May retail sales numbers, which can represent the financial health of the consumer. After the early dip, buyers stepped in and pulled the …
ETFs On The Cutline – Updated Through 06/14/2024
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 June 14, 2024
ETF Tracker StatSheet You can view the latest version here. TECH TITANS TUSSLE FOR TOP SPOT AMIDST MARKET MELT-UP AND MAIN STREET MALAISE [Chart courtesy of MarketWatch.com] Stocks fell right after the opening, as a decline in consumer sentiment gave the bears a reason to cheer. However, the S&P 500 ended only marginally lower but gained for the week. …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 06/13/2024
ETF Data updated through Thursday, June 13, 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. …