[Chart courtesy of MarketWatch.com] This morning, equities went through a moderate retreat as traders absorbed comments from Federal Reserve Chairman Powell. He stated that “interest rates do not need to move quickly to ease monetary policy,” explaining that the Fed’s policy is now significantly less restrictive, reducing the urgency for adjustments. Powell also described the economy as “strong overall” with …
Traders Eye Key Economic Data As Major Indexes Reverse Course And Gold Shines
[Chart courtesy of MarketWatch.com] After ending last week on a negative note, the major indexes reversed course this morning, with the Nasdaq leading a broad rally while the Dow lagged. Despite this positive start, traders remain uncertain about inflation and the potential economic impact of Trump’s newly announced blanket 25% tariff on all steel and aluminum imports, which took effect …
ETFs On The Cutline – Updated Through 02/07/2025
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 7, 2025
ETF Tracker StatSheet You can view the latest version here. GOLD OUTPERFORMS MARKET, BITCOIN STRUGGLES BELOW $100K MARK [Chart courtesy of MarketWatch.com] This morning, bond yields surged, with the 10-year yield spiking to 4.52%. This increase pulled the major indexes deep into the red, with the S&P 500 barely breaking even for the first week of February. Adding to …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/06/2025
ETF Data updated through Thursday, February 6, 2025 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 Defy Expectations: S&P 500 And Nasdaq Close Green Amid Volatility
[Chart courtesy of MarketWatch.com] The financial markets showed a mixed performance as major indexes struggled to find direction following two consecutive positive sessions. Traders carefully evaluated the latest earnings reports, leading to a period of volatility and heightened anxiety. Despite bearish pressure, the S&P 500 and Nasdaq managed to close in positive territory, defying expectations set by the advance/decline ratio. …