[Chart courtesy of MarketWatch.com] The early market movements were characterized by aimless meandering with a slightly positive bias, but ultimately, the major indexes ended the day in the red. This decline occurred despite a significant drop in bond yields, following a relentless rally that had pushed the 10-year yield above 4.3%. Today’s yield drop might indicate that traders are reducing …
ETFs On The Cutline – Updated Through 11/01/2024
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 November 1, 2024
ETF Tracker StatSheet You can view the latest version here. AMAZON AND INTEL LEAD MARKET REBOUND AMID DISAPPOINTING JOBS REPORT [Chart courtesy of MarketWatch.com] Amazon led today’s market rebound, surging over 6% thanks to its ad business and cloud services exceeding expectations. Intel also contributed significantly, jumping nearly 8% after surpassing forecasts and issuing strong guidance. These gains helped …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/31/2024
ETF Data updated through Thursday, October 31, 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 Concerns And Volatility Mark End Of October Trading
[Chart courtesy of MarketWatch.com] The major indexes faced early declines as disappointing quarterly reports from two tech giants dampened any bullish sentiment. Microsoft’s shares fell over 5%, while Meta slipped 2.2% due to missed user growth expectations and a warning of significantly increased expenditures next year. Throughout the week, mega-cap earnings painted a mixed picture. Alphabet saw a nearly 3% …
Gold And Bitcoin Show Resilience Amid Market Turbulence
[Chart courtesy of MarketWatch.com] Early in the trading session, bullish sentiment dominated despite a flood of mixed earnings results, with more reports expected from major tech companies. However, this optimism was short-lived, as the major indexes eventually succumbed to bearish pressures, relinquishing their gains, and closing in the red. Alphabet set a positive tone by surpassing expectations, boosting its share …