[Chart courtesy of MarketWatch.com] The markets continued to build on last week’s rally, driven by the Fed’s 0.5% interest rate cut, the first in four years. Initially, the indexes fluctuated, but the S&P 500 managed a weekly gain of 1.4%, while the Dow reached a new all-time high. However, the usual array of economic indicators remains a wildcard, potentially derailing …
ETFs On The Cutline – Updated Through 09/20/2024
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 September 20, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD HITS NEW RECORD HIGH, BITCOIN RALLIES TO 1-MONTH HIGHS [Chart courtesy of MarketWatch.com] After yesterday’s significant rally, which followed Wednesday’s sudden midday reversal, the markets cooled off today, entering a consolidation phase due to the largest September option expiration on record. Despite traders’ enthusiasm about the Fed’s aggressive …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/19/2024
ETF Data updated through Thursday, September 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. …
Bitcoin And Gold Rally As Stocks Hit Record Highs Amid Fed’s Rate Cut
[Chart courtesy of MarketWatch.com] After yesterday’s Federal Reserve’s policy change, the bulls took charge early, propelling the Dow and S&P 500 to record highs. This surge was bolstered by a report showing weekly jobless claims fell by 12,000 to 219,000, significantly below estimates. The tech sector embraced a “risk-on” mood, with Nvidia and AMD shares soaring around 5% and 4%, …
Fed’s Bold Rate Cut Sparks Market Volatility Amid Inflation Concerns
[Chart courtesy of MarketWatch.com] Ahead of the Federal Reserve’s first interest rate cut in four years, the major indexes showed little change, with the magnitude of the easing remaining a significant unknown. However, after a midday bounce, the major indexes sold off and closed in the red. Historically, the Central Bank has typically signaled its next move to the markets, …