[Chart courtesy of MarketWatch.com] Ahead of key inflation data points, the markets fluctuated but maintained a somewhat bullish sentiment. The Dow showed the most weakness, lagging the S&P 500 and Nasdaq. Nvidia’s 2% surge helped the Nasdaq take the lead. Wednesday’s consumer price index (CPI) report for July will be crucial. Any improvement could raise hopes that the Federal Reserve …
ETFs On The Cutline – Updated Through 08/09/2024
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 August 9, 2024
ETF Tracker StatSheet You can view the latest version here. INVESTOR VOLATILITY: EQUITIES UNLOADED AS MONEY MARKET ASSETS HIT RECORD HIGH [Chart courtesy of MarketWatch.com] After yesterday’s strong comeback session, upward momentum slowed, but traders and algorithms continued to push the indexes higher, erasing most losses from earlier in the week. This recovery followed Monday’s steep global sell-off, triggered …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 08/08/2024
ETF Data updated through Thursday, August 8, 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. …
Bears Take Control: Dow Suffers Worst 5-Day Start In Six Years
[Chart courtesy of MarketWatch.com] After yesterday’s comeback session, bullish sentiment persisted in the markets as traders attempted to recover some of the recent losses. However, the bears ultimately took control, causing major indexes to reverse and close in the red. The Dow experienced its worst five-day start to a month in six years. The tech sector failed to maintain its …
Equities Rebound After Intense Selling Pressure: Is The Downturn Over?
[Chart courtesy of MarketWatch.com] After the intense selling pressure during the first three trading days of August, which drove the S&P 500 down by over 6%, equities rebounded today, recovering some of their losses. Whether this marks the end of the downturn or is merely a relief bounce remains uncertain. The tech sector also saw a recovery, with major players …