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 »
US equities capped the week on a sour note with the S&P 500 finishing down 0.71% and registering its biggest weekly decline since April (-1.97%). The Nasdaq had it even worse, falling 0.81% on Friday for a weekly decline of 3.65%. The Dow was a beneficiary of rotation on the week, posting a 0.72% weekly
ETFsector.com Daily Trading Outlook, July 22, 2024 Read More »
US equities capitulated to the downside on Thursday with all three of the major large cap. benchmarks posting losses along with the Russell 2000 Small Cap. Index which fell 1.85% after a week of strong gains. The Dow finished the session off 1.29% while the S&P 500 and the Nasdaq Composite finished down 0.78% and
ETFsector.com Daily Trading Outlook, July 19, 2024 Read More »
The Dow expanded upon its all-time high on Wednesday adding 0.59% while selling in the Nasdaq Composite continued with the Tech. heavy Index off -2.77%. The broad market S&P 500 was down -1.39% as laggard Sectors led the tape. XLP led, up 1.29%, while XLE added 1.00%. XLK was a big drag on the S&P
ETFsector.com Daily Trading Outlook, July 18, 2024 Read More »
Rotation to high-beta cyclicals and a Russell 2000 break-out add fuel for the Bull.
ETFsector.com Daily Trading Outlook, July 17, 2024 Read More »
Equities started the new week in the positive with the Dow posting a gain of 0.53% to pace the Large Cap. benchmarks. The Nasdaq added 0.40% while the S&P 500 moved up 0.28%. At the sector level Energy and Financials each gained more than 1.4% while Utilities sector shares were off 2.43%, followed by the
ETFsector.com Daily Trading Outlook, July 16, 2024 Read More »
GS showing steady improvement while META is suddenly on the ropes.
ETFsector.com Daily Trading Outlook, July 15, 2024 Read More »
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