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 May 3, 2024
ETF Tracker StatSheet You can view the latest version here. ECONOMIC DATA DISAPPOINTS, BUT MARKETS CLING TO RATE CUT DREAMS [Chart courtesy of MarketWatch.com] Today’s stock market witnessed a significant surge, buoyed by the April jobs report which fell short of expectations, sparking speculation that the Federal Reserve might consider reducing interest rates soon. The report indicated an addition …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/02/2024
ETF Data updated through Thursday, May 2, 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. …
The Balancing Act: Market Reacts To Fed’s Stance And Mixed Corporate Results
[Chart courtesy of MarketWatch.com] Today’s stock market presented a dynamic landscape, with investors casting their gaze forward to upcoming corporate earnings and a pivotal labor report due later in the week. Amidst this anticipation, the market witnessed a diverse range of earnings outcomes. Qualcomm, the semiconductor giant, saw its shares climb by 9% following the announcement of earnings that surpassed …
Market Turbulence: From Optimism To Disappointment
[Chart courtesy of MarketWatch.com] Today, Wall Street witnessed a rollercoaster ride as the major indexes initially surged in response to the Federal Reserve’s decision to keep interest rates unchanged. However, this early enthusiasm gave way to disappointment as the S&P 500 and Nasdaq reversed course and ended the day in negative territory. Fed Chair Jerome Powell cited a “lack of …
April’s Market Turmoil: Wage Data Sparks Inflation Fears And Rate Speculation
[Chart courtesy of MarketWatch.com] As April ended, the major stock indexes concluded the month on a downward trajectory, spurred by wage data that surpassed expectations and reignited concerns about inflation. This comes just before the Federal Reserve’s impending interest rate decision. The employment cost index, which tracks wages and benefits, rose by 1.2% in the March quarter, exceeding the predicted …