[Chart courtesy of MarketWatch.com] Today, the major stock indexes experienced a decline as Wall Street began the second quarter with a cautious eye on the latest U.S. inflation figures. These concerns stem from the possibility that the ongoing market rally might lose its momentum. The Personal Consumption Expenditures (PCE) price index, excluding food and energy, indicated a 2.8% rise in …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 03/28/2024
ETF Data updated through Thursday, March 28, 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. …
Market Rally Continues Unabated: Is History Set To Repeat Itself?
[Chart courtesy of MarketWatch.com] The S&P 500 marked a moderate rise today, achieving its strongest first-quarter performance in five years and securing a fifth consecutive month of gains. The stock market has seen an upward trend for 18 of the past 22 weeks, a streak not surpassed since 1989. While the broader market indexes hovered around the break-even point, the …
S&P 500 Snaps Losing Streak: A Prelude To A Strong Quarter Close?
[Chart courtesy of MarketWatch.com] The S&P 500 bounced back, halting a three-day losing streak, buoyed by a substantial short squeeze that counteracted a $32 billion equity sell-off by pension funds. The tech-heavy MAG 7 staged a late-day rally, securing a positive close. In the spotlight, Cintas shares soared 7% following impressive earnings, while Merck’s stock climbed nearly 5%, reaching a …
Market Muddle: S&P 500 At A Crossroads After Mixed Data
[Chart courtesy of MarketWatch.com] Today, U.S. stocks experienced a modest uptick as traders aimed to reignite the rally that previously propelled equities to record levels, despite a slight setback in the last session. Newly released economic figures revealed a 1.4% increase in orders for durable goods in February, surpassing economists’ predictions of 0.8%. One analyst suggested that the combination of …
Bitcoin’s Bullish Surge Overshadows Mixed Market Data
[Chart courtesy of MarketWatch.com] Today, Wall Street’s recent surge took a pause, leading to a dip in stock values as the trading week commenced. Despite this, the market is poised for its fifth straight month of gains, with major U.S. stock benchmarks reaching unprecedented closing highs just last week. The S&P 500 saw an increase of approximately 2.3%, the Dow …