[Chart courtesy of MarketWatch.com] Early in the trading session, bullish sentiment dominated despite a flood of mixed earnings results, with more reports expected from major tech companies. However, this optimism was short-lived, as the major indexes eventually succumbed to bearish pressures, relinquishing their gains, and closing in the red. Alphabet set a positive tone by surpassing expectations, boosting its share …
Choppy Markets Expected With Election Approaching; Gold And Bitcoin Soar
[Chart courtesy of MarketWatch.com] As we approach a series of major corporate earnings releases in the coming days, bond yields continued their upward trajectory, reaching their highest levels since July. Despite this, the major indexes showed little movement early this morning. With only five trading days remaining before the US presidential election, market volatility could increase, potentially leading to more …
Bitcoin Surges Towards $70,000 Amid Market Volatility And Election Uncertainty
[Chart courtesy of MarketWatch.com] This morning, crude oil prices plummeted by over 5% following an Israeli airstrike on Iran that notably avoided sensitive oil and nuclear facilities. This unexpected development contributed to a jump in the major indexes, buoyed by the easing geopolitical tensions and the anticipation of upcoming mega-cap technology earnings. These earnings, coupled with the steadily improving Citi …
ETF Tracker Newsletter For October 25, 2024
ETF Tracker StatSheet You can view the latest version here. ELECTION UNCERTAINTY LOOMS OVER MARKETS AS BOND YIELDS CLIMB [Chart courtesy of MarketWatch.com] Building on yesterday’s gains, which ended a three-day losing streak for the S&P 500, the index tried to secure a slight weekly advance. However, this effort was thwarted as the markets sold off towards the close. …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 10/24/2024
ETF Data updated through Thursday, October 24, 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. …
Markets Rebound After Three Days Of Losses Amid Rate Cut Hopes
[Chart courtesy of MarketWatch.com] After three consecutive days of losses, the markets finally found some upward momentum, with major indexes showing early gains as expectations for rate cuts rose modestly. This positive shift was supported by strong earnings reports, notably from Tesla, which surged 21% after surpassing expectations. Whirlpool and Lam Research also posted gains, while IBM weighed on the …