Materials Sector October Outlook—XLB has demonstrated improved performance in the near-term and is finally showing some constructive signs of bullish reversal
Taking a long position for October on signs of bullish reversal
Insights
Energy Sector October Outlook— Price downtrend remains intact, and the sector gets our lowest score to start the month
XLE persists as the weakest sector in our model. We are zero weight to start October in the Elev8 Sector Rotation Portfolio
Performance Summary: Week ending September 27th, 2024:
COMMENTARY: The S&P500 was up 0.62% for the week, closing at a record high on Thursday marking its 42nd all-time high this year. China announced a wide range of stimulus measures and an uptick in consumer spending both helping push investor sentiment upward. Materials sector led the way this week, up 3.0%. Freeport-McMoRan (+15.3%) and
Performance Summary: Week ending September 27th, 2024: Read More »
ETFsector.com Daily Trading Outlook, September 30, 2024
S&P Futures Little Changed: S&P futures are flat in Monday premarket trading, following a quiet Friday session where the S&P and Nasdaq logged their third-straight weekly gains, led by big tech and semis, while energy declined due to the crude selloff. Asian equities were mixed, with a sharp Nikkei selloff and China rallying for the
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Narrations of a Sector ETF Operator | Weekly Market Letter, September 29, 2024
September nears its conclusion as a strong month for US equities which saw the S&P 500 confirm its uptrend with a new all-time high. This achievement was spurred by Fed policy as the FOMC enacted a 50bp cute to the Fed Funds target rate and guided for a further 50bp reduction into year-end. This has
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Elev8 Sector Rotation Model Portfolio: October Positioning Report & Sept. Recap
We start October positioned for the bull trend in equities to continue. We enter the month with our biggest long positions in XLK, XLY, XLF and XLC and short zero-weigh sectors XLV, XLP and XLE.
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Factor Friday: September 27, 2024
Factor Performance in the past 3-months has shown a transition from Risk-off to Risk-on as the Fed ramps policies to support the Economy in the 2nd half of 2024
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ETFsector.com Daily Trading Outlook, September 27, 2024
S&P Futures Down 0.1%: S&P futures are down 0.1% in Friday morning trading after US equities closed higher on Thursday, with the S&P reaching another all-time high and the Nasdaq extending its gains for a fourth consecutive session. Semiconductors, China tech, industrial metals, chemicals, and autos were standouts. Asian markets surged overnight, with Hong Kong
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ETFsector.com Daily Trading Outlook, September 26, 2024
S&P Futures Higher: S&P futures are up 0.8% in Thursday morning trading, following a mostly lower session for US equities on Wednesday. Homebuilders, energy, autos, and China tech stocks were among the laggards, while big tech had a mixed performance with Nvidia (NVDA-US) and Meta (META-US) standing out, and semiconductors performing well. Asian markets rallied
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ETFsector.com Daily Trading Outlook, September 25, 2024
S&P Futures Little Changed: S&P futures are flat in Wednesday morning trading after US equities closed higher on Tuesday, with the S&P 500 hitting its 41st all-time high of the year. China-related stocks saw strong gains on the back of fresh stimulus measures, while chemicals, industrial metals, machinery, and select multinationals also performed well. Semiconductors
ETFsector.com Daily Trading Outlook, September 25, 2024 Read More »