[Chart courtesy of MarketWatch.com] Despite a promising start with strong earnings from Goldman Sachs and encouraging retail data, the major indexes took a downturn, erasing the gains from the morning rally. The conflict in the Middle East remains a concern, but there is hope it won’t escalate further. Small Caps and the Mag7 stocks experienced a significant drop, reminiscent of …
ETFs On The Cutline – Updated Through 04/12/2024
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 April 12, 2024
ETF Tracker StatSheet You can view the latest version here. GOLD GLITTERS AMID MARKET GLOOM, OUTSHINES S&P 500 IN TURBULENT TIMES [Chart courtesy of MarketWatch.com] Today, the stock market experienced a sharp decline as major U.S. banks began reporting their earnings amidst a backdrop of inflation and geopolitical tensions. JPMorgan Chase’s shares fell over 6% following its first-quarter earnings …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 04/11/2024
ETF Data updated through Thursday, April 11, 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. …
Tech Leads Recovery, Gold Hits Record High As Earnings Loom
[Chart courtesy of MarketWatch.com] Today’s stock market witnessed a remarkable turnaround, with technology stocks leading the charge. The earlier concerns about ongoing inflation were overshadowed as tech giants like Nvidia soared nearly 4%, while other prominent players such as Amazon and Alphabet each advanced over 2%. Amazon’s shares reached unprecedented heights, and Apple enjoyed its most significant gain of the …
Inflation Surges, Markets Tumble: Real Estate Leads Sector Losses
[Chart courtesy of MarketWatch.com] Today’s market revealed a downturn in the major indexes following the release of March’s inflation data, which exceeded expectations and may delay anticipated interest rate cuts by the Federal Reserve. Energy was the only sector not to decline, with real estate experiencing over a 4% drop, the most significant loss of the day. After a strong …