[Chart courtesy of MarketWatch.com] The markets suffered a tumultuous day, initially edging higher before collapsing precipitously, only to regain their footing and ending with another winning session. Among the three major indexes, only the S&P 500 and Nasdaq managed to close in the green after this roller coaster ride. The tech sector has been struggling, with the XLK ETF losing …
Inflation Data In Focus As Markets Attempt To Recover From Steep Losses
[Chart courtesy of MarketWatch.com] The markets began the session on a positive note, attempting to recover from last week’s steep losses. Although early upward momentum was briefly lost, bullish sentiment soon resumed, leading the major indexes to gain over 1% by the end of the day. In the S&P sectors, technology and communications were the top performers, each advancing by …
ETF Tracker Newsletter For September 6, 2024
ETF Tracker StatSheet You can view the latest version here. MARKET TURMOIL: NO SAFE HAVEN AS EQUITIES AND COMMODITIES PLUNGE [Chart courtesy of MarketWatch.com] A weaker-than-expected jobs report immediately dragged the major indexes into negative territory after the opening bell. The Dow initially held up better than its counterparts but eventually succumbed to bearish sentiment. The Nasdaq led the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 09/05/2024
ETF Data updated through Thursday, September 5, 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 Prices Surge As Recession Fears And Lower Bond Yields Persist
[Chart courtesy of MarketWatch.com] After two consecutive losing sessions, the major indexes made a notable comeback, led by the Nasdaq, as traders revived the tech sector from its slump. Early on, bargain hunters took advantage of the dip, but bearish sentiment soon resurfaced, causing the Dow and S&P 500 to close in the red once again. Today’s jobless claims fell …
Markets Plunge Again As Early Gains Fade; September Volatility Looms
[Chart courtesy of MarketWatch.com] The major indexes began the session fluctuating around their respective unchanged lines with a slightly positive bias. Tech giant Nvidia managed to temporarily recover some of yesterday’s sharp losses, which marked the worst performance for equities since August 5th. However, early bullish enthusiasm faded, leading the markets to another red close. Dropping bond yields failed to …