S&P Futures Up 0.1% in Wednesday Morning Trading. US equities finished higher Tuesday, led by tech, though breadth remained negative as equal-weight S&P trailed by ~140 bp. Asian markets were mostly higher, with Japan up over 1%, while several markets, including China, were closed for the holiday. European markets gained ~0.7%. Treasuries were steady to […]
ETFsector.com Daily Trading Outlook, January 29, 2025 Read More »
Big Tech is under pressure in the near-term with charts showing potential for a deeper correction.
S&P futures are up 0.3% Tuesday morning after Monday’s selloff, where the Nasdaq 100 dropped 3% amid AI-related weakness, with NVDA losing nearly $600B in market value. Positive breadth emerged as investors rotated into staples, banks, healthcare, and other tech. Asian markets were mixed, with the Nikkei down 1.5%, while Hong Kong posted gains. European
ETFsector.com Daily Trading Outlook, January 28, 2025 Read More »
S&P futures are down 2.4% Monday morning, with Nasdaq futures off 3.5%, following last week’s rally where the S&P hit a new ATH. Asian markets were mixed, with the Nikkei and Shenzhen Composite lagging, while Hong Kong outperformed. European markets are down ~1.5%. Treasuries rallied across the curve, the dollar index is down 0.1%, gold
ETFsector.com Daily Trading Outlook, January 27, 2025 Read More »
US equities have moved a lot but gone basically nowhere over the past three weeks. These consolidations, especially if they are volatile, can be problematic for a trend-following portfolio allocation model like Elev8. It is the nature of trend following strategies that pivot points for trend change are also ideal accumulation points if the current
COMMENTARY: The S&P500 rose this week up 1.74%. Some of the economic drivers were; stronger corporate earnings expectations, projected GDP growth, retreated US government yields, and softer-than-expected inflation data. Communication Services led the way, up 3.1%. Netflix raged 13.9% on Tuesday after it released Q4’24 earnings and posted double the expected subscriber growth. Paramount Global
Performance Summary: Week Ending January 24th, 2025 Read More »
We pause from the frenetic day-to-day to highlight some big themes underpinning equity markets in 2025 after a few weeks to get our bearings.
US equities slightly lower in premarket trading following Thursday’s gains, where the S&P 500 hit its first ATH since December. Stocks are on track for a second consecutive week of strong gains. Asian markets mostly higher, led by Greater China, Australia, and South Korea, while Japan lagged. European markets up ~0.8%. Treasuries firmer with curve
ETFsector.com Daily Trading Outlook, January 24, 2025 Read More »
S&P futures down 0.2% in Thursday morning trading. Comes after US equities finished mostly higher on Wednesday with the S&P briefly trading above 6100. Tech (particularly AI trade) the standout while defensives and value lagged and breadth was negative after six straight sessions that saw more than two-thirds of S&P constituents higher. Asian markets mixed overnight with Japan
ETFsector.com Daily Trading Outlook, January 23, 2025 Read More »
Trading Signal: S&P 500 upside break-out to all-time high, Sox Index to multi-month high, XLK/VGT flirting with ATH’s of their own confirming the bull trend on a positive close. Charts follow positioning update. Elev8 Rebalance: Selling Staples to fund longs in Tech and Materials sectors We recommend going long Technology Sector shares. Our model uses
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