[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 …
Traders Brace For Nvidia Earnings: Rally Or Sell-Off?
[Chart courtesy of MarketWatch.com] The major indexes hugged their unchanged lines today, hanging on to the record levels seen in the previous session, as traders eagerly looked toward Nvidia’s earnings report tomorrow. However, a last hour lift insured a green close. There are two ways to view this important earnings announcement. On one hand, traders are heavily invested in the stock, …
Precious Metals Soar, Bitcoin Nears $70K, As Rate Cut Hopes Fade
[Chart courtesy of MarketWatch.com] The major indexes edged higher Monday, boosted by gains in the tech sector, as the Dow attempted to build on its rally above the key 40,000 level. That effort failed at midday, and the index closed below that milestone. Traders are eagerly awaiting Nvidia’s quarterly results due out Wednesday to better evaluate not only the strength of the …
ETFs On The Cutline – Updated Through 05/17/2024
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 17, 2024
ETF Tracker StatSheet You can view the latest version here. FED’S DILEMMA: CAUGHT BETWEEN ROCK AND HARD PLACE [Chart courtesy of MarketWatch.com] The Dow meandered near the flat line today, after the index briefly topped the key 40,000 level for the first time in the previous session. A last hour drive by the algos pushed 2 of the 3 majors back …