[Chart courtesy of MarketWatch.com] The markets have been soaring to dizzying heights lately, but today they came back down to earth a bit. Some traders decided to take some profits off the table after a long winning streak. This is normal and healthy for a bull market, and it doesn’t mean that the fundamentals have changed. One of the biggest …
Fed’s Dovish Turn Fuels Rally, But Beware Of Rate Cut Risks
[Chart courtesy of MarketWatch.com] The Fed’s dovish statement last week sparked a rally that pushed the S&P 500 close to a record high. Three rate cuts in 2024, cooling inflation, and lower Treasury yields boosted the market mood in this seasonally strong period for stocks. The Fed thinks it has tamed inflation, but it may be in for a rude …
S&P And Nasdaq Win, Dow Snoozes, Fed Confuses
[Chart courtesy of MarketWatch.com] The market kept up its winning streak today, with the S&P and Nasdaq scoring big while the Dow barely budged. The S&P 500 has been on a roll for seven weeks, its longest run since 2017. The index is up more than 3% this month. The Dow and the Nasdaq are also up by more than …
ETFs On The Cutline – Updated Through 12/15/2023
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 …
ETF Tracker Newsletter For December 15, 2023
ETF Tracker StatSheet You can view the latest version here. HOW LONG CAN THE MARKET DEFY GRAVITY? S&P AND RUSSELL HIT EXTREME LEVELS [Chart courtesy of MarketWatch.com] It was a wild ride for the market, but the bulls managed to win the day and keep the Santa Claus rally going. However, it was not smooth sailing. The market had …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/14/2023
ETF Data updated through Thursday, December 14, 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. …