[Chart courtesy of MarketWatch.com] The markets began the day on a positive note as traders sought to maintain the post-election momentum. However, by the end of the session, the major indexes had delivered mixed results. The hope that inflation is under control remains far from reality, a point I have emphasized throughout the year. Today’s Consumer Price Index (CPI) numbers …
Bitcoin Nears $90k Mark, Eyes $100k With Strong ETF Inflows
[Chart courtesy of MarketWatch.com] The markets began the session moving sideways to lower, as traders appeared to take a breather from the highs reached in the post-election rally. Bond yields climbed, with the 10-year yield advancing nearly 0.12% to close at 4.43%, marking its highest level in five months. This increase in bond yields was sufficient to push equities downward …
Dow And S&P 500 Rally As Bitcoin Soars Past $87k
[Chart courtesy of MarketWatch.com] The Dow continued its rally from last week, surpassing the 44,000 mark, while the S&P 500 also made significant strides by crossing the 6,000 level. However, the Nasdaq lagged. With the bond markets closed, trading activity was somewhat limited. Several major banks saw their stock prices rise significantly, contributing to the Dow’s impressive gain of over …
ETF Tracker Newsletter For November 8, 2024
ETF Tracker StatSheet You can view the latest version here. MAJOR AVERAGES POST BEST WEEK SINCE 2023 FOLLOWING ELECTION [Chart courtesy of MarketWatch.com] This morning, the Dow and the S&P 500 moved higher, while the Nasdaq lagged, as traders considered the implications of the post-election rally and the Federal Reserve’s latest interest rate cut. By the end of the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 11/07/2024
ETF Data updated through Thursday, November 7, 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 Hits New High As Gold Rebounds And Dollar Slips
[Chart courtesy of MarketWatch.com] The major indexes began the session on a positive note, buoyed by anticipation of the Federal Reserve’s meeting on interest rates. Despite the incomplete election results, traders seemed relieved, dispelling earlier concerns about a prolonged election process. However, any geopolitical news could still trigger significant and sudden swings in asset prices. The much-anticipated Fed meeting concluded …