[Chart courtesy of MarketWatch.com] The S&P 500 barely budged today, but it was enough to inch closer to a new record high. Wall Street is hoping to end 2023 with a bang, after a stellar fourth quarter that erased the losses of the previous one. The S&P is up 11.7% for the quarter, its best performance in three years, and …
Stocks Flat, Dollar Sinks, Gold Shines: A Tale Of Two Markets
[Chart courtesy of MarketWatch.com] The major indexes barely budged from their flat lines, as the S&P 500 flirted with its all-time high and missed it by a hair. Traders were itching to see a new record, but they knew it could be followed by a cold shower or a retreat. Stocks were enjoying the “Santa Claus rally,” a festive period …
Inflation Fears Ease, Boosting Stocks And Gold In Final Week Of The Year
[Chart courtesy of MarketWatch.com] The stock market kept up its momentum from last week and kicked off the final week of the year with a bang. The S&P 500 edged closer to its all-time high, as investors shrugged off the holiday blues and low trading volume. The upbeat mood was fueled by signs of easing inflation, which is getting closer …
ETFs On The Cutline – Updated Through 12/22/2023
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 …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/21/2023
ETF Data updated through Thursday, December 21, 2023 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. …
The Goldilocks Scenario: Why Wall Street Is Cheering For A Weak Economy And A Dovish Fed
[Chart courtesy of MarketWatch.com] The markets bounced back from yesterday’s beating and regained most of their ground. Traders are feeling optimistic about the yearend rally and ready to pop the champagne. Almost every stock in the S&P rose, led by Micron Technology, which soared 9% after smashing earnings estimates and raising its outlook. The bulls were also encouraged by weak …