[Chart courtesy of MarketWatch.com] This morning, the major indexes declined, with the Dow Jones Industrial Average marking its first 9-day losing streak since 1978. This streak began after the index surpassed the 45,000 level for the first time earlier this month. Traders attribute these losses to a rotation from “old” economy stocks to the new technology sector. However, Nvidia, which …
Bitcoin Surges To Near $108K, Outpacing Gold In Record Ratio
[Chart courtesy of MarketWatch.com] The major indexes started the week on a positive note, with two out of three heading higher, led by the Nasdaq. However, AI chip powerhouse Nvidia did not participate in the upswing and slipped into red territory. The Federal Reserve will commence its final FOMC policy meeting of the year tomorrow, with results to be announced …
ETFs On The Cutline – Updated Through 12/13/2024
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 December 13, 2024
ETF Tracker StatSheet You can view the latest version here. STAGFLATION FEARS RESURFACE AMID RISING INFLATION AND BOND YIELDS [Chart courtesy of MarketWatch.com] The tech sector saw modest gains, with the Nasdaq achieving its fourth consecutive week of growth. However, the S&P 500 and the Dow both experienced slight losses. As we near the end of 2024, the S&P …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/12/2024
ETF Data updated through Thursday, December 12, 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. …
Hotter-Than-Expected PPI Report Sends Markets Tumbling
[Chart courtesy of MarketWatch.com] Following yesterday’s CPI report, traders were met with the release of the Producer Price Index (PPI) this morning, which showed a hotter-than-expected 0.4% price increase last month, compared to the anticipated 0.2%. This year-over-year rise pushed prices up by 3.0%, the highest since February 2023, with food costs leading the surge, rising at their fastest pace …