[Chart courtesy of MarketWatch.com] The markets saw a slight uptick after the opening bell as traders navigated a flood of earnings reports from several mega-cap companies. The overall outcome was positive for the major indexes, with Meta gaining 1.6% and Tesla rising 2.9%. However, Microsoft fell over 6% due to a disappointing revenue forecast. Notably, Tesla managed to shrug off …
Tech Stocks Hit Hard As Fed Maintains Rate; Bitcoin Surges
[Chart courtesy of MarketWatch.com] After yesterday’s comeback rally, equities slipped this morning ahead of the Federal Reserve’s latest policy decision on interest rates, expected after 11 am PST. The odds were nearly 100% that the Central Bank will maintain rates within the target range of 4.25% to 4.5%. As usual, traders are primarily focused on Chairman Powell’s comments, especially since …
AI Sector Shaken By “DeepSeek’s” Competitive Edge
[Chart courtesy of MarketWatch.com] The major indexes experienced a sharp decline right after the market opened, driven by the emergence of a Chinese startup called DeepSeek. This company posed a significant threat to existing AI models by offering competitive solutions at a fraction of the cost. Last week, DeepSeek released an open-source AI simulator that not only outperformed OpenAI’s models …
ETF Tracker Newsletter For January 24, 2025
ETF Tracker StatSheet You can view the latest version here. S&P 500 RETREATS AFTER RECORD HIGH, BUT WEEKLY GAINS PERSIST [Chart courtesy of MarketWatch.com] After reaching a new record high early in the day, the S&P 500 retreated but remained close to its unchanged line, positioning itself for a second consecutive weekly gain. However, sentiment turned bearish by the …
Weekly StatSheet For The ETF Tracker Newsletter – Updated Through 01/23/2025
ETF Data updated through Thursday, January 23, 2025 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. …
Crude Oil Falls And Bitcoin Surges As Markets Show Mixed Reactions
[Chart courtesy of MarketWatch.com] Yesterday, the S&P 500 set an intra-day record, but it slipped early today as the overall markets showed weakness, likely due to profit-taking. However, the index regained momentum later in the session, closing in the green once again. Recent market advances have been fueled by optimism surrounding potential tax cuts and deregulation under the Trump administration, …