[Chart courtesy of MarketWatch.com] Today’s stock market narrative unfolded with a twist, as traders grappled with the implications of April’s Producer Price Index (PPI) report. The PPI, a barometer of inflation at the wholesale level, rose unexpectedly, signaling that inflationary pressures might not be subsiding as hoped. This revelation initially sent a shiver through the markets, but the initial shock …
Market’s Mixed Moves: Eyes On CPI And PPI For Economic Clues
[Chart courtesy of MarketWatch.com] The stock market began with a surge of activity, with indices initially climbing before the momentum waned, leading to a plateau where the major indexes closed nearly flat. The Nasdaq stood out, managing to secure a modest gain amidst the general standstill. This pattern of fluctuation reflects the market’s current state of uncertainty, particularly considering the …
ETFs On The Cutline – Updated Through 05/10/2024
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 May 10, 2024
ETF Tracker StatSheet You can view the latest version here. DOW AND S&P 500 RISE AMIDST ECONOMIC UNCERTAINTY AND INFLATION WOES [Chart courtesy of MarketWatch.com] In the intricate dance of the stock market, this week presented a mixed tableau. The Dow and the S&P 500, like seasoned performers, managed to spin around to another session of gains amidst a …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/09/2024
ETF Data updated through Thursday, May 9, 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. …
Gold Glitters As Stocks Rise, Dollar Dips In Market Rebound
[Chart courtesy of MarketWatch.com] Today’s stock market narrative unfolded with a cautiously optimistic tone as traders navigated through a landscape of mixed signals. Disappointing earnings reports cast a shadow, yet new economic data infused the markets with hope, suggesting the possibility of a more lenient Federal Reserve policy as the year progresses. This juxtaposition of concerns and expectations set the …