ETF Tracker StatSheet You can view the latest version here. CONSUMER SPENDING STUMBLES: INFLATION THREAT LOOMS [Chart courtesy of MarketWatch.com] The major indexes started the last day of May in mixed mode, with the Dow being little changed, while the S&P 500 and Nasdaq meandered below their respective unchanged lines. However, an afternoon melt-up pulled the Dow and S&P …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 05/30/2024
ETF Data updated through Thursday, May 30, 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. …
Salesforce’s 20% Drop And Inflation Anxiety Set Bearish Tone For Major Indexes
[Chart courtesy of MarketWatch.com] The major indexes started this session deep in the red, with Salesforce’s 20% drop due to a revenue miss and weak guidance setting a bearish background, while upcoming key inflation data created anxiety on the trading floors. Despite this being a holiday shortened week, the major indexes are modestly in the red and seem to be …
Dow Dips Over 1% As Nvidia’s Volatility Shakes Wall Street’s Confidence
[Chart courtesy of MarketWatch.com] All focus was on Nvidia, with the tech darling dumping and pumping and having a volatile session. It vacillated sharply around its unchanged line and was in danger of scoring its first negative session since its blowout earnings. In the end, the stock closed higher by a scant +0.8%, but it hit a new record high. …
From Silicon To Oil: Diverse Gains As Nvidia Dominates And Commodities Climb
[Chart courtesy of MarketWatch.com] The Nasdaq powered to a new high today, and briefly crossed above its 17k milestone, thanks to Nvidia’s continued upward momentum. The tech-heavy index led the major indexes in a sluggish start to the last trading week of May. All three major indexes look to close out a strong month after having scored new all-times at various points, despite …
ETF Tracker Newsletter For May 24, 2024
ETF Tracker StatSheet You can view the latest version here. NASDAQ LEADS MARKET REBOUND AS TECH STOCKS RALLY DESPITE RATE CUT HOPES DIMMING [Chart courtesy of MarketWatch.com] The major indexes inched higher trying to recover from yesterday’s drubbing, the worst since March 2023. The Nasdaq led the rebound, and the Dow lagged. Despite hopes being dashed that the Fed …