Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 02/29/2024

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ETF Data updated through Thursday, February 29, 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. …

Inflation Report No Surprise, S&P 500 Rises On Last Day Of February

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[Chart courtesy of MarketWatch.com] The S&P 500 edged up on the last day of February, as investors shrugged off an inflation report that met expectations and looked at some upbeat consumer spending data. The Fed’s favorite inflation indicator, the core PCE index, rose by 0.4% in January and 2.8% year-over-year, matching the Dow Jones estimates. The headline PCE index, which …

Investors On Edge As Inflation Report Looms; Bitcoin Steals The Show

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[Chart courtesy of MarketWatch.com] Investors were cautious today as they awaited a crucial inflation report coming out later this week. The report, based on the PCE index for January, is the Fed’s favorite way to measure inflation. Until then, the market is in limbo, waiting for a signal. The market is also trying to extend its recent gains that pushed …

Last Hour Bounce Saves S&P 500 And Nasdaq From Red Close

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[Chart courtesy of MarketWatch.com] It was a dull day for the stock market, as the major indexes barely moved, and the rally took a nap. Investors were waiting for some important data coming out later this week, but they got a surprise in the last hour when the S&P 500 and the Nasdaq turned green, thanks to another short squeeze. …