[Chart courtesy of MarketWatch.com] Wall Street was in a good mood as it awaited the earnings reports of some of the biggest tech giants and the Fed’s decision on interest rates. This week is the peak of the earnings season, with nearly a fifth of the S&P 500 companies revealing their financial performance. The market darlings Microsoft, Apple, Meta, Amazon, …
ETFs On The Cutline – Updated Through 01/26/2024
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 January 26, 2024
ETF Tracker StatSheet You can view the latest version here. INTEL SINKS, BUT MARKET STILL ENDS WEEK HIGHER [Chart courtesy of MarketWatch.com] Friday was a snooze-fest for the S&P 500, which barely budged amid a slew of lackluster earnings reports. Intel was the biggest loser, plunging 11% after issuing a dismal outlook for the first quarter. Other stocks like …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/25/2024
ETF Data updated through Thursday, January 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. …
Market Rises On Strong GDP, But Tesla Drags Down MAG7
[Chart courtesy of MarketWatch.com] The market rose today, as traders digested signs of strong economic growth and the latest earnings reports. The U.S. economy grew by 3.3% in the fourth quarter, beating the 2% forecast and showing resilience despite Fed rate hikes. Of course, this number may change later when no one is paying attention. How can the forecast be …
Bond Yields Rise, Netflix Surges, China Struggles: A Mixed Day For The Market
[Chart courtesy of MarketWatch.com] Netflix added more subscribers than ever in the fourth quarter, sending its shares up 13%. The streaming giant now has 260.8 million couch potatoes hooked on its shows. It also beat revenue and earnings forecasts, making Wall Street happy. But not everyone was happy. Some traders were worried about the slowing economy and the risk of …