[Chart courtesy of MarketWatch.com] The tech sector led a rebound on Wall Street today, as investors snapped up bargains after a brutal week. The S&P 500 and Nasdaq Composite both gained ground, while the Dow lagged due to Boeing’s woes. The rally in tech stocks came as bond yields eased, making the sector’s lofty valuations more attractive. Yields have been …
ETFs On The Cutline – Updated Through 01/04/2024
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 5, 2024
ETF Tracker StatSheet You can view the latest version here. MARKET MADNESS: STOCKS AND BONDS SWING WILDLY ON JOBS REPORT [Chart courtesy of MarketWatch.com] The stock market had another day of mixed signals, as investors tried to make sense of the latest economic news. After a morning rally, the major indexes gave up most of their gains by the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/04/2024
ETF Data updated through Thursday, January 4, 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. …
Nasdaq Slumps For Fifth Day As Economy Heats Up And Fed Cools Down
[Chart courtesy of MarketWatch.com] The Nasdaq Composite had another bad day on Thursday, dropping for the fifth time in a row — its worst run since last December. Big tech stocks like Apple are not doing well this year, as investors are worried that they are too expensive and that the Fed might raise interest rates sooner than expected. The …
Nasdaq Leads Market Lower As Fed Remains Tight-Lipped On Rate Cuts
[Chart courtesy of MarketWatch.com] The Nasdaq Composite led the market lower for the third consecutive day, extending its worst daily drop since October 2023. Investors seemed to lose their appetite for the tech darlings of last year, which had soared on hopes of a dovish fed in 2024. But with the economy still struggling and no clear signal from the …