Our Long-term price projection for the S&P 500 is 6140, 9% above today’s Wednesday’s closing price. We expect any correction to be accumulated around near-term support on the chart at the 5270 level
ETFsector.com Daily Trading Outlook, July 11, 2024 Read More »
The S&P 500 and the Nasdaq added to their recent record highs up 0.07% and 0.14% respectively. The Dow again lagged off 0.13%. While the major large cap. indices ended in a familiar pecking order, the sector performance spread was a bit different with the XLF taking a leadership turn for the day adding 0.70%
ETFsector.com Daily Trading Outlook, July 10, 2024 Read More »
XLF breadth was just short of a “wash out” tactical buy signal in June.
ETFsector.com Daily Trading Outlook, July 9, 2024 Read More »
Equities finished the holiday week on a tear with the Nasdaq pacing the advance adding 0.90% while the S&P 500 gained 0.54% and the Dow 0.17%. There was a marked contrast between winners and losers in a lightly traded session. META paced advancers at the stock level up 5.87% with GOOG, TSLA and AAPL also
ETFsector.com Daily Trading Outlook, July 8, 2024 Read More »
Equities kept the rally going again on Wednesday with the Nasdaq again leading up 0.84% the SP500 adding 0.62% and the Dow up 0.41%. JOLTS data came in above survey with 8.14M jobs added vs. an expected print of 7.946M. Wednesday presents a busy economic calendar on get-away day ahead of the July 4th holiday,
ETFsector.com Daily Trading Outlook, July 3, 2024 Read More »
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 »
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