[Chart courtesy of MarketWatch.com] The major indexes advanced early on as traders did not see any adverse effects from the Trump assassination attempt. In fact, the opposite happened with the general viewpoint being that this event could even further propel Trump’s popularity in the polls. Most of Wall Street’s preoccupation was the barrage of incoming earnings this week. Some insurers …
ETFs On The Cutline – Updated Through 07/12/2024
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 …
PPI SURGE IGNORED AS TRADERS FOCUS ON RATE CUT HOPES; ECONOMIC SURPRISE INDEX HITS 2015 LOWS
[Chart courtesy of MarketWatch.com] After yesterday’s pullback, bullish sentiment resurfaced, and the major indexes stormed ahead and closed solidly in the green. The rally was broad based, which helped some of the non-tech areas to scoop up some gains, with especially Small Caps scoring their best week in 8 months. An enormous short squeeze provided the necessary firepower. The …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 07/11/2024
ETF Data updated through Thursday, July 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. …
Gold Surges, Nasdaq Slumps: Economic Uncertainty Drives Market Shifts
[Chart courtesy of MarketWatch.com] The much-awaited CPI fell 0.1% last month from May, which reduced the annual inflation rate down to 3%. Expectations were for a monthly increase of 0.1% and annual rate of 3.1%. Core CPI, which excludes food and energy, and is the most closely watched number by the Fed, came in at an annual rate of 3.3%, …
Rumors Of Leaked CPI Data Fuel Market Gains: Will Tomorrow’s Release Disappoint?
[Chart courtesy of MarketWatch.com] Wall Street’s optimism that the upcoming inflation numbers will be favorable for the markets carried over into today’s session, as the S&P 500 rose for a seventh straight day. Economists expect the June CPI to advance 0.1% MoM and 3.1% YoY. The core CPI, which does no include food or energy prices, is predicted to have …