We continue to explore whether we are in the midst of an AI driven “Tech Bubble”. We continue to reject that notion for the present. Please come read why!
Narrations of a Sector ETF Operator | Weekly Market Letter, July 7, 2024 Read More »
Settling down with a cold beer and a fireworks show on the lake… I always wonder why some of my neighbors prefer sparklers and firecrackers when the bigger boxes deliver the explosions we want! Either sparklers & firecrackers or- a fireworks display can both be enjoyable when conditions are right (stable Interest Rates). A growing
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 »
The XLU has now retraced a majority of its April/May break-out and sits at an intermediate term support level with the daily RSI at clear oversold levels
We expect more bad news is priced in than good and have taken a modest long position in XLRE for July in our Elev8 Sector Model Portfolio.
The XLC continues to benefit from the lack of inflation and the strong bull trend behind Growth stocks. Entering July we see a continued positive environment for the sector.
Semiconductors have led everything YTD, but other areas of the XLK are showing near-term improvement now as Semi’s have consolidated in over the past week. Price Action & Performance XLK was among the leadership cohort for the 2nd month in a row after a weak spot in March and April. Momentum made a bull market
With inflation continuing to look a bit toothless, we are expecting XLF to regain some of its footing in July.
The XLV lost ground by moving sideways in June, unable to entice investors who were looking to add risk instead. The price action has been sideways since XLV peaked in February, and with a weak start to July trading, the pattern is taking on a distributional look.
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