[Chart courtesy of MarketWatch.com] The major indexes began the session on a downward trend for the third consecutive day, as bond yields surged, with the 10-year yield surpassing the 4.25% mark. By the end of the day, the S&P 500 had suffered its steepest decline in seven weeks. While some traders attribute rising yields to a robust economy, I believe …
Gold Sets New Record As Markets Waver, Crude Oil Rallies
[Chart courtesy of MarketWatch.com] This morning, rising bond yields were at the forefront of traders’ minds, dampening the positive sentiment that had characterized the start of the earnings season. The 10-year Treasury yield briefly climbed above 4.22%, a level not seen in three months. Although it retreated as the session progressed, the major indexes slipped and struggled to deal with …
Mixed Earnings And Rising Yields Weigh On Markets
[Chart courtesy of MarketWatch.com] The major indexes began the session on a downward trend after scoring another positive week. With major corporate earnings on the horizon, future market gains will hinge on companies surpassing expectations as the earnings season intensifies. Approximately 20% of S&P 500 companies, including prominent names like Coca-Cola, Tesla, and GE Aerospace, are set to release their …
ETFs On The Cutline – Updated Through 10/18/2024
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 October 18, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD AND SILVER REACH NEW HIGHS AMID INFLATION CONCERNS, BITCOIN NEARS $70K [Chart courtesy of MarketWatch.com] The Nasdaq surged ahead, driven in part by an impressive 8% jump in Netflix shares. The streaming giant not only exceeded earnings expectations but also reported a remarkable 35% increase in ad-tier memberships. …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/17/2024
ETF Data updated through Thursday, October 17, 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. …