Daily Trading Outlook

The equity rally paused on Tuesday as the major US indices broke multi-day winning streaks.  The Nasdaq led shares lower down 0.33% while the S&P 500 gave up 0.20% and the Dow was off 0.15%.  At the sector level, Energy shares were the downside catalyst with XLE losing 2.64% on the day.  Performance among the […]

The path of least resistance is clearly higher in the near-term.  The Nasdaq added 1.39% leading the major US Indices higher while the S&P 500 gained 0.97% and the Dow added 0.58% on the day.  At the Sector level XLK, XLC and XLY were in the leadership cohort as they have been for most of

Equities capped a strong weak with gains on Friday as the Dow paced the major indices, adding 0.24% while the Nasdaq was up 0.21% and the S&P 500 0.20%.  The weekly gain was the best for the S&P 500 this year as recession fears fade in light of a slew of data that has threaded

Equities surged higher again with the Nasdaq adding 2.34% leading the major US Indices higher and continuing to rapidly retrace declines at the beginning of the month.  The S&P 500 added 1.61% while the Dow gained 1.39% with all three indices closing near the best levels of the day. At the Sector level, XLK and

Equities roared on Tuesday with the major US indices all up > 1.00%.  The Nasdaq Composite paced the majors adding 2.43% while the S&P 500 gained 1.68% and the Dow up 1.04%.  At the sector level XLY (Discretionary) joined XLK (Info Tech) in leading the tape with both up >2.00%.  The Energy Sector was the

ETFsector.com Daily Trading Outlook, August 12, 2024 Equities closed the week on a positive note with the major US indices notching gains.  The Nasdaq continued to retrace recent declines adding 0.51% while the S&P 500 was up 0.47% and the Dow 0.13%.  XLC paced the sector SPDR’s adding 0.85% While XLB was the laggard sector

ETFsector.com Daily Trading Outlook, August 9, 2024 Equities whip-sawed violently higher on Thursday after Wednesday’s session finished in disappointing fashion.  Better jobless claim data was cited as the bullish spark which saw the Dow add 1.76%, the S&P 500 up 2.38% and the Nasdaq Composite lead higher up 2.87%.  Investors can be excused for feeling