Equities continued a sharp near-term slide on Friday with the major indices all off >1.5% with the Nasdaq giving up 2.43% and the S&P 500 off 1.84%. Futures opened the Sunday evening session negative as Oil prices rise. Unsurprisingly the VIX spiked to above 20 for the first time since April and low volatility, high […]
ETFsector.com Daily Trading Outlook, August 5, 2024 Read More »
Negative economic data finally hit the tape as a bad thing with ISM surveys delivering signs of deepening contraction, sending equities lower. The Dow finished the day off 1.21% while the S&P 500 closed down 1.37%, while the Nasdaq composite gave up 2.30%. Low vol. sectors led the tape as the XLU, XLRE and
ETFsector.com Daily Trading Outlook, August 2, 2024 Read More »
Wednesday saw a snap back towards Semiconductor and Technology shares spurring a big day for equities. Among the large cap. indices, the Nasdaq paced the advance adding 2.64% while the S&P 500 gained 1.58% and the Dow, 0.24%. Among sectors, the XLK led on the day surging 4.24% higher on renewed strength from Semiconductor buying.
ETFsector.com Daily Trading Outlook, August 1, 2024 Read More »
Tech shares came under renewed pressure on Tuesday ahead of MSFT and other Mag7 earnings reports. MSFT posted a mixed earnings release after the bell with shares off 4% in extended trading after the bell. The negative catalyst was a miss in Azzure cloud revenue vs. very high expectations along with higher costs from ongoing
ETFsector.com Daily Trading Outlook, July 31, 2024 Read More »
Equities ended Monday’s session mixed with the S&P 500 (+0.08%) and the Nasdaq Composite (+0.07%) up slightly and the Dow finishing off 0.12%. Investors treaded water waiting for consequential earnings releases from MSFT, AAPL, META and AMZN later this week with the former kicking things off tonight after the bell. Other notable co.’s reporting today
ETFsector.com Daily Trading Outlook, July 30, 2024 Read More »
Equities closed the week on a positive note with investors “buying the dip” into the weekend after a week that saw the Technology Sector fall out of the leadership spot for the year replaced by the Financial Sector. The major US Indices were all positive on the day with the Dow leading the advance adding
ETFsector.com Daily Trading Outlook, July 29, 2024 Read More »
Pressure continued on XLC and XLK shares as major US indices closed mixed with the Dow up 0.20% while the S&P 500 finished off 0.51% and the Nasdaq composite gave back 0.93%. XLK is now registering a classic near-term oversold condition, and we expect buyers to start sizing up opportunities and defending near-term support. The
ETFsector.com Daily Trading Outlook, July 26, 2024 Read More »
Soft earnings reports from Mag7 members GOOGL and TSLA led to the S&P 500 to trade off 2.31% snapping an impressive streak without a decline of more than 2%. The Nasdaq was down 3.64% and the Dow declined 1.25%. At the Sector level, the XLK Technology ETF led SPDR’s lower down more than 4%, ending
ETFsector.com Daily Trading Outlook, July 25, 2024 Read More »
Equities faded after a strong open with the major US indices finishing the day near worst levels. The S&P 500 finished off 0.16% while the Dow gave back 0.14% and the Nasdaq Composite finished 0.06% lower. Oil prices hit a six-week intra-day low to spur the XLE to a decline of 1.59%, the worst result
ETFsector.com Daily Trading Outlook, July 24, 2024 Read More »
US equities shook off their worst week of the year to rally back on Monday with the Nasdaq leading the major indices higher up 1.58% while the S&P 500 added 1.08% and the Dow gained 0.32%. Discretionary and Info Tech. shares led the way at the sector level with XLK and XLY outperforming the S&P
ETFsector.com Daily Trading Outlook, July 23, 2024 Read More »
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