Nearing a buyable near-term low in Technology Sector shares. Keep an eye on what Commodities prices do as they trade at support.
Narrations of a Sector ETF Operator | Weekly Market Letter, July 28, 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 »
We’re proud to debut a new cyclical piece. The ETFSector.com Macro Trend Signals: Sector Deep Dive. Today we will address the S&P 500 Financial Sector to explore the historical return profiles at the industry and sub-industry level for the current macro trends in the S&P 500 and the US 10yr Treasury Yield. Current Equity Trend:
Macro Trend Signals: Financial Sector Deep Dive, July 22, 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 »
Cyclical Sectors have the advantage in the near-term, but the XLK correction is likely a buying opportunity even if it extends another month or more.
Narrations of a Sector ETF Operator | Weekly Market Letter, July 21, 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 »
Stay updated with the latests analysis and insights from etfsector.com