[Chart courtesy of MarketWatch.com] The markets saw a slight uptick after the opening bell as traders navigated a flood of earnings reports from several mega-cap companies. The overall outcome was positive for the major indexes, with Meta gaining 1.6% and Tesla rising 2.9%. However, Microsoft fell over 6% due to a disappointing revenue forecast. Notably, Tesla managed to shrug off …
Tech Stocks Hit Hard As Fed Maintains Rate; Bitcoin Surges
[Chart courtesy of MarketWatch.com] After yesterday’s comeback rally, equities slipped this morning ahead of the Federal Reserve’s latest policy decision on interest rates, expected after 11 am PST. The odds were nearly 100% that the Central Bank will maintain rates within the target range of 4.25% to 4.5%. As usual, traders are primarily focused on Chairman Powell’s comments, especially since …
AI Sector Shaken By “DeepSeek’s” Competitive Edge
[Chart courtesy of MarketWatch.com] The major indexes experienced a sharp decline right after the market opened, driven by the emergence of a Chinese startup called DeepSeek. This company posed a significant threat to existing AI models by offering competitive solutions at a fraction of the cost. Last week, DeepSeek released an open-source AI simulator that not only outperformed OpenAI’s models …
ETFs On The Cutline – Updated Through 01/24/2025
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 January 24, 2025
ETF Tracker StatSheet You can view the latest version here. S&P 500 RETREATS AFTER RECORD HIGH, BUT WEEKLY GAINS PERSIST [Chart courtesy of MarketWatch.com] After reaching a new record high early in the day, the S&P 500 retreated but remained close to its unchanged line, positioning itself for a second consecutive weekly gain. However, sentiment turned bearish by the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/23/2025
ETF Data updated through Thursday, January 23, 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. …