ETF Tracker StatSheet You can view the latest version here. MARKETS REBOUND AMID INFLATION DATA AND LOOMING GOVERNMENT SHUTDOWN [Chart courtesy of MarketWatch.com] After a challenging week, during which the Dow plummeted by approximately 1,100 points in a single day, the major indexes managed to stabilize. They rebounded immediately after the opening and recovered some of the previous day’s …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 12/19/2024
ETF Data updated through Thursday, December 19, 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. …
Bullish Sentiment Fades As Late Sell-Off Drags Indexes Down
[Chart courtesy of MarketWatch.com] This morning, traders were still grappling with Fed Chair Powell’s hawkish comments from yesterday, indicating that he is likely to cut interest rates only twice next year, down from the four reductions forecasted in September. The pressing question now is: what will policymakers do in 2025? If inflation worsens, as I believe it will, they may …
Market Carnage: Stocks Plunge, Bond Yields Surge After Fed’s Hawkish Comments
[Chart courtesy of MarketWatch.com] The major indexes edged higher ahead of the Federal Reserve’s interest rate announcement, with the Dow leading the way despite its recent worst performance in 46 years. Although the index is less than 4% below its all-time high, a shift from “old economy” shares to the tech sector pulled the Dow down. This decline was exacerbated …
Nvidia Struggles While Bitcoin Tests New Highs
[Chart courtesy of MarketWatch.com] This morning, the major indexes declined, with the Dow Jones Industrial Average marking its first 9-day losing streak since 1978. This streak began after the index surpassed the 45,000 level for the first time earlier this month. Traders attribute these losses to a rotation from “old” economy stocks to the new technology sector. However, Nvidia, which …
Bitcoin Surges To Near $108K, Outpacing Gold In Record Ratio
[Chart courtesy of MarketWatch.com] The major indexes started the week on a positive note, with two out of three heading higher, led by the Nasdaq. However, AI chip powerhouse Nvidia did not participate in the upswing and slipped into red territory. The Federal Reserve will commence its final FOMC policy meeting of the year tomorrow, with results to be announced …