[Chart courtesy of MarketWatch.com] The Dow hit a record high today, while traders waited for new inflation and earnings reports. The S&P 500 also made history on Friday, closing above 5,000 for the first time ever. The index has gained more than 5% since January. The S&P 500, the Nasdaq, and the Dow all extended their winning streaks to five …
ETFs On The Cutline – Updated Through 02/09/2024
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 February 9, 2024
ETF Tracker StatSheet You can view the latest version here. S&P 500 TOPS 5,000 ON LOWER INFLATION, BUT TECH-BOND GAP RAISES QUESTIONS [Chart courtesy of MarketWatch.com] The S&P 500 finally cracked the 5,000 mark today, thanks to a belated Christmas gift from the government: a lower inflation rate for December. The index had flirted with the milestone on Thursday, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/08/2024
ETF Data updated through Thursday, February 8, 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. …
Will CPI Revisions Shock The Market? S&P 500 Hovers Near 5,000
[Chart courtesy of MarketWatch.com] The major indexes barely budged today, except for the S&P 500, which flirted with the 5,000 mark for the first time in history. Small caps, on the other hand, had a blast and soared by more than 1% thanks to a huge short squeeze. Traders were busy digesting earnings reports, with some big winners and losers. …
How Long Can The Tech And AI Rally Last In The Face Of Rising Rates And Bank Woes?
[Chart courtesy of MarketWatch.com] The stock market had a good day on Wednesday, as the S&P 500 got close to the 5,000 mark for the first time ever. Investors were happy with the latest earnings reports, which mostly beat the low expectations. Big tech and AI companies did especially well, but they also hogged most of the spotlight. The problem …