[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 …
Mixed Signals: April’s Market Dance
[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 …