ETF Data updated through Thursday, December 12, 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. …
Hotter-Than-Expected PPI Report Sends Markets Tumbling
[Chart courtesy of MarketWatch.com] Following yesterday’s CPI report, traders were met with the release of the Producer Price Index (PPI) this morning, which showed a hotter-than-expected 0.4% price increase last month, compared to the anticipated 0.2%. This year-over-year rise pushed prices up by 3.0%, the highest since February 2023, with food costs leading the surge, rising at their fastest pace …
Gold And Bitcoin Rally Despite Rising Bond Yields And Dollar
[Chart courtesy of MarketWatch.com] The latest inflation readings provided a boost to the markets, with the S&P 500 and Nasdaq achieving solid gains, while the Dow lagged. The Consumer Price Index (CPI) met expectations, showing a 0.3% rise from October and a 2.7% increase year-over-year. The Federal Reserve’s preferred measure, the core CPI, which excludes volatile food and energy prices, …
Market Wavers Amid Seasonal Softness And CPI Anticipation
[Chart courtesy of MarketWatch.com] Today, the traditional seasonal softness of mid-December persisted, with major indexes fluctuating without clear direction and ultimately closing in the red, despite a surge in small business optimism. An early rally in the Mega-Tech sector hit a ceiling, reversed, and erased initial gains, making the Nasdaq the biggest loser of the day. Additionally, the most shorted …
Equities Decline Ahead Of Key Inflation Data; Gold Advances
[Chart courtesy of MarketWatch.com] Equities declined ahead of key inflation data expected later this week, causing the major indexes to slip into the red. However, gold defied the trend with a solid advance. Nvidia and Advanced Micro Devices faced pressure, with Nvidia dropping nearly 3% and Bank of America downgrading AMD from a “buy” to a “neutral” rating. Last week’s …
ETFs On The Cutline – Updated Through 12/06/2024
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 …