Equities opened July (and the second half of the year) on a positive note and with a familiar profile. The Nasdaq Composite paced gains for large cap. equities adding 0.83% while the S&P 500 was up 0.27% and the Dow Industrials gained 0.13%. ISM Manufacturing data came in at a 48.5 reading (below 50 is […]
ETFsector.com Daily Trading Outlook, July 2, 2024 Read More »
Please check out our monthly insights for the S&P 500 and the 11 GICS sectors as we will be posting them throughout the day on Monday as well as our Elev8 Sector Rotation Model Portfolio’s updated positioning!
ETFsector.com Daily Trading Outlook, July 1, 2024 Read More »
Leadership remains solidly behind Growth and Technology shares with traditional cyclical and low vol. stocks struggling to outperform
ETFsector.com Daily Trading Outlook, June 28, 2024 Read More »
XLY, Transports showing signs of life. Adding some bullish peripherals to the strong Growth stock performance that has been the foundation of this bull market
ETFsector.com Daily Trading Outlook, June 27, 2024 Read More »
Equities closed mixed again, with the major Large Cap. Indices reversing yesterday’s order. The Nasdaq Composite paced gains adding 1.26% while the S&P added 0.39% and the Dow finished off 0.76% as the laggard. Energy stocks surged early in the day, but couldn’t hold on to best levels, however the XLE finished positive on the
ETFsector.com Daily Trading Outlook, June 26, 2024 Read More »
Monday finished with the Dow leading a mixed tape. The Dow Industrials continued their positive mean-reversion behavior in the near-term adding 0.67% while the S&P 500 gave up 0.31% and the Nasdaq slipped 1.09% as investors extended NVDA’s three day slide down another 6.68%. No obvious catalyst for the sharp sell-off, but profit-taking is a
ETFsector.com Daily Trading Outlook, June 25, 2024 Read More »
Futures are inching higher this morning with the Dow Industrials looking to build off of a stronger end to last week. Dow Futures are up 0.25% as of this writing after adding 0.04% on Friday. S&P 500 futures are also higher, while the Nasdaq futures are off slightly this morning. The 10yr US Treasury yield
ETFsector.com Daily Trading Outlook, June 24, 2024 Read More »
High beta stocks are rolling over vs. low vol. with the intermediate-term action in the ratio looking distributive in favor of the latter factor. The market is hinting at the arrival of our summer seasonal soft patch is my quick take.
ETFsector.com Daily Trading Outlook, June 21, 2024 Read More »
NVDA managed to dominate the news even with markets on holiday yesterday. It completed its 10:1 stock split and judging by the futures, the reaction will be positive and the halo effect for Tech and Mega Cap. Growth is likely to continue.
ETFsector.com Daily Trading Outlook, June 20, 2024 Read More »
Slightly softer than expected retail sales keep the policy speculators leaning toward cuts. Tomorrow is a market holiday, and Fed comments Tuesday afternoon didn’t offer anything to dislodge the prevailing AI momentum.
ETFsector.com Daily Trading Outlook, June 19, 2024 Read More »
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