[Chart courtesy of MarketWatch.com] Despite an early dip, the markets quickly rebounded, with major indexes closing in the green and keeping hopes of a Santa Claus rally alive. This solid recovery followed last week’s turmoil, during which the Dow endured a 10-day losing streak and plummeted over 1,100 points on Wednesday. This drop was triggered by the Federal Reserve’s announcement …
ETFs On The Cutline – Updated Through 12/20/2024
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 December 20, 2024
ETF Tracker StatSheet You can view the latest version here. MARKETS REBOUND AMID INFLATION DATA AND LOOMING GOVERNMENT SHUTDOWN [Chart courtesy of MarketWatch.com] After a challenging week, during which the Dow plummeted by approximately 1,100 points in a single day, the major indexes managed to stabilize. They rebounded immediately after the opening and recovered some of the previous day’s …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/19/2024
ETF Data updated through Thursday, December 19, 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. …
Bullish Sentiment Fades As Late Sell-Off Drags Indexes Down
[Chart courtesy of MarketWatch.com] This morning, traders were still grappling with Fed Chair Powell’s hawkish comments from yesterday, indicating that he is likely to cut interest rates only twice next year, down from the four reductions forecasted in September. The pressing question now is: what will policymakers do in 2025? If inflation worsens, as I believe it will, they may …
Market Carnage: Stocks Plunge, Bond Yields Surge After Fed’s Hawkish Comments
[Chart courtesy of MarketWatch.com] The major indexes edged higher ahead of the Federal Reserve’s interest rate announcement, with the Dow leading the way despite its recent worst performance in 46 years. Although the index is less than 4% below its all-time high, a shift from “old economy” shares to the tech sector pulled the Dow down. This decline was exacerbated …