[Chart courtesy of MarketWatch.com] The Nasdaq powered to a new high today, and briefly crossed above its 17k milestone, thanks to Nvidia’s continued upward momentum. The tech-heavy index led the major indexes in a sluggish start to the last trading week of May. All three major indexes look to close out a strong month after having scored new all-times at various points, despite …
ETFs On The Cutline – Updated Through 05/24/2024
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 24, 2024
ETF Tracker StatSheet You can view the latest version here. NASDAQ LEADS MARKET REBOUND AS TECH STOCKS RALLY DESPITE RATE CUT HOPES DIMMING [Chart courtesy of MarketWatch.com] The major indexes inched higher trying to recover from yesterday’s drubbing, the worst since March 2023. The Nasdaq led the rebound, and the Dow lagged. Despite hopes being dashed that the Fed …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/23/2024
ETF Data updated through Thursday, May 23, 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. …
Market Paradox: Nvidia Shines, Dow Dives Amid Stagflation Concerns
[Chart courtesy of MarketWatch.com] The Nasdaq jumped to a new record early on, as traders dug into the latest quarterly results from tech darling Nvidia, which smashed expectations, as its momentum does not seem to slow. Consequently, the stock surged over 10% sending it shares above $1,000. AI is the latest theme, and companies are spending on this technology with Nvidia supplying the …
Nvidia’s Moment Of Truth: Can AI Earnings Offset Fed’s Inflation Alarm?
[Chart courtesy of MarketWatch.com] Stocks traded near the flatline for most of the day, as investors looked ahead to the widely anticipated release of Nvidia’s latest earnings report due out after the close. However, the released minutes from the May Fed meeting proved to be more than traders were able to handle. They not only admitted a lack of progress in recent …