[Chart courtesy of MarketWatch.com] The stock market lost its appetite as bond prices went down and interest rates went up. The U.S. economy also showed some surprising strength, making the Fed less likely to cut rates. ZeroHedge summed it up like this: Retail sales: hot; Housing: sizzling; Industrial Production: – not bad. The ‘real’ numbers are looking good, while the …
Fed’s Rate-Cut Riddle Leaves Traders Guessing: Is The Market’s Magic Show Over?
[Chart courtesy of MarketWatch.com] The Dow took a nosedive today, leading the market’s merry dance downwards as interest rates inched up and traders sifted through the latest earnings reports like kids at a candy store. Investors are on the edge of their seats, waiting for more data to peek into the wallet of the American consumer. The 10-year Treasury note …
ETFs On The Cutline – Updated Through 01/12/2024
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 January 12, 2024
ETF Tracker StatSheet You can view the latest version here. UNCLE SAM’S BUDGET BONANZA: A PRELUDE TO INFLATION’S SECOND ACT? [Chart courtesy of MarketWatch.com] In today’s financial circus, the major stock indexes tiptoed around their opening marks, with traders juggling the lackluster first act of fourth-quarter earnings and munching on a double-feature of inflation reports. The Dow, however, decided …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/11/2024
ETF Data updated through Thursday, January 11, 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. …
Markets Shake Off Inflation Fears, End The Day Flat
[Chart courtesy of MarketWatch.com] The major indexes had a bumpy ride on Thursday, as they plunged after the opening bell, then bounced back, and ended the day flat. The trigger for the initial sell-off was the latest inflation report, which showed that consumer prices rose more than expected in December, reaching the highest annual rate in 13 years. The CPI …