[Chart courtesy of MarketWatch.com] Equities declined ahead of key inflation data expected later this week, causing the major indexes to slip into the red. However, gold defied the trend with a solid advance. Nvidia and Advanced Micro Devices faced pressure, with Nvidia dropping nearly 3% and Bank of America downgrading AMD from a “buy” to a “neutral” rating. Last week’s …
ETF Tracker Newsletter For December 6, 2024
ETF Tracker StatSheet You can view the latest version here. SEASONAL TRENDS HINT AT POTENTIAL MARKET DOWNTURN NEXT WEEK [Chart courtesy of MarketWatch.com] Traders viewed today’s jobs report as a “Goldilocks” scenario, where the data was better than expected but not so strong as to discourage the Federal Reserve from potentially cutting interest rates later this month. This morning, …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/05/2024
ETF Data updated through Thursday, December 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. …
Bitcoin Breaks $100k, Settles Below $98k In Volatile Session
[Chart courtesy of MarketWatch.com] After yesterday’s strong gains, the markets took a breather today, with major indexes closing moderately lower. Small Caps suffered the most significant losses. Last night, the much-anticipated event occurred when Bitcoin pierced the $100k level for the first time. Within minutes, it surged to $104k before leveling off slightly below that mark. During today’s session, Bitcoin …
Tech Stocks Lead Market Rally Amid Economic Optimism
[Chart courtesy of MarketWatch.com] Equities began the session on a bullish note, with the S&P 500 and Nasdaq reaching new record highs. Following yesterday’s mixed performance, the major indexes appeared to shift back into bullish mode. However, it remains uncertain whether we will see a repeat of the post-election surge. Private payrolls, as reported by ADP, grew less than expected …
Job Openings Surge In October, Markets Show Mixed Reactions
[Chart courtesy of MarketWatch.com] The major indexes took a breather early on after a relentless climb over the past few months, with November standing out as the best performing month of the year. Both the S&P 500 and Nasdaq hit record highs yesterday, continuing their strong post-election gains, with the S&P 500 up 4.6% and the Nasdaq up 5.2%. The …