[Chart courtesy of MarketWatch.com] It was a dull day for the stock market, as the major indexes barely moved, and the rally took a nap. Investors were waiting for some important data coming out later this week, but they got a surprise in the last hour when the S&P 500 and the Nasdaq turned green, thanks to another short squeeze. …
Amazon Joins Dow, S&P 500 Retreats, AI Boom In Question
[Chart courtesy of MarketWatch.com] The S&P 500 took a small step back from its record high on Friday, as investors waited for the latest inflation data. Amazon replaced Walgreens in the Dow, boosting the index’s tech and retail exposure. The Dow is based on stock prices, not market values, so Amazon’s hefty share price will have a big impact. Treasury …
ETFs On The Cutline – Updated Through 02/23/2024
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 23, 2024
ETF Tracker StatSheet You can view the latest version here. NVIDIA LEADS THE TECH RALLY, BUT WILL IT FOLLOW CISCO’S DOWNFALL? [Chart courtesy of MarketWatch.com] Stocks ended the week with a bang, thanks to Nvidia’s stellar earnings, that pushed its market value above $2 trillion. The chipmaker is now the third most valuable U.S. company, trailing only Microsoft and …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/22/2024
ETF Data updated through Thursday, February 22, 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. …
Nvidia’s Earnings Blowout Lifts Tech And Market To New Highs
[Chart courtesy of MarketWatch.com] Nvidia, the king of chips, smashed earnings expectations and sent its stock soaring to new heights. The tech giant reported a staggering 265% increase in revenue from a year ago, thanks to its thriving artificial intelligence business. It also predicted another strong quarter ahead, despite already high expectations. The news lifted the whole tech sector, as …