[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. …
Crude Oil Falls And Bitcoin Surges As Markets Show Mixed Reactions
[Chart courtesy of MarketWatch.com] Yesterday, the S&P 500 set an intra-day record, but it slipped early today as the overall markets showed weakness, likely due to profit-taking. However, the index regained momentum later in the session, closing in the green once again. Recent market advances have been fueled by optimism surrounding potential tax cuts and deregulation under the Trump administration, …
Tech Sector Drives S&P 500 To New Record High Amid AI Optimism
[Chart courtesy of MarketWatch.com] Bullish sentiment persisted today, with the S&P 500 reaching a new all-time high, driven by strong performance in the tech sector. The Nasdaq led the way, while Small Caps lagged and ended the session in the red. Oracle (+6%) and Nvidia (+4%) saw significant gains, fueled by optimism surrounding AI and the announcement of a $500 …