[Chart courtesy of MarketWatch.com] [Chart courtesy of MarketWatch.com] In today’s market session, traders witnessed a cautious upward trajectory with a hint of optimism. The major indexes, guided by selected mega-cap technology stocks, edged higher. However, beneath the surface, conflicting forces played out. Tesla, the electric vehicle giant, surged nearly 11% after overcoming a significant regulatory hurdle related to its full …
ETFs On The Cutline – Updated Through 04/26/2024
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 April 26, 2024
ETF Tracker StatSheet You can view the latest version here. BIG TECH EARNINGS PROPEL STOCKS: ALPHABET AND MICROSOFT LEAD THE CHARGE [Chart courtesy of MarketWatch.com] In today’s dynamic stock market, Big Tech giants Alphabet and Microsoft took center stage, fueled by robust earnings reports. Alphabet’s stock surged over 10%, marking its most impressive performance since July 2015. Meanwhile, Microsoft …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/25/2024
ETF Data updated through Thursday, April 25, 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. …
Inflation And Growth Concerns Rattle Markets: Eyes On Google And Microsoft
[Chart courtesy of MarketWatch.com] In the financial markets, Thursday’s atmosphere was tense as stock futures took a nosedive in response to the latest economic data from the U.S. This data painted a picture of a slowing economy coupled with stubborn inflation. The trading day was characterized by significant selloffs, yet the major indexes managed to recover somewhat from the day’s …
Market Stalemate: Searching For The Next Decisive Move
[Chart courtesy of MarketWatch.com] In today’s trading session, the Nasdaq experienced a burst of energy at the open, thanks to Tesla’s post-earnings jump, which propelled the tech-centric index upward. This surge was sparked by Tesla’s announcement of a strategic shift towards more budget-friendly electric vehicles, causing its stock to soar over 13%. Despite this, the initial excitement seemed to fade …