Our model recommends accumulating XLK and remaining skeptical of XLE and XLB until macro trends improve
Tactical Tuesday Sector Report: XLK Oversold, Min Vol. Sectors Overbought Read More »
S&P Futures Little Changed: S&P futures are flat in Tuesday morning trading, pulling back from earlier highs. This follows a mostly positive Monday session where the S&P 500 reached its 40th all-time high for the year. Energy was the top-performing sector, with Tesla (TSLA-US) providing a significant boost to the consumer discretionary sector. Treasuries weakened
ETFsector.com Daily Trading Outlook, September 24, 2024 Read More »
S&P Futures Slightly Higher: S&P futures are up 0.1% in Monday morning trading, following a strong performance last week where all major indexes rose over 1%. Mag 7 tech stocks and banks were among the top gainers. Treasuries were narrowly mixed, with the 2/10 yield curve steepening to its highest level since June 2022. The
ETFsector.com Daily Trading Outlook, September 23, 2024 Read More »
We project the S&P 500 to near 6150 by year-end. Our trend-following model is giving off bullish signals.
Narrations of a Sector ETF Operator | Weekly Market Letter, September 22, 2024 Read More »
Commentary: The S&P500 jumped mid-week after the Fed announced its 50-basis point cut. The weekly gain was 1.4%, fueled by optimism of more potential rate cuts. Energy led the way this week, up 3.7%. Baker Hughes Co. (+7.9%), which accounts for about 3% of the ETF, and Marathon Oil Co. (+6.9%) helped push the sector
Performance Summary: Week ending September 20th, 2024: Read More »
S&P Futures Lower: S&P futures are down 0.2% in Friday premarket trading, off earlier lows. This follows Thursday’s rally, with the S&P 500 hitting a new record high, marking its 39th all-time high of 2024, and the Nasdaq posting its best session since February 2023. Mag 7 tech stocks and small caps were standouts, with
ETFsector.com Daily Trading Outlook, September 20, 2024 Read More »
Going Long XLY and adding to long in XLK. Funding from positions in XLV, XLU, XLRE and XLC
Elev8 Portfolio Trade Note, September 19, 2024 Read More »
S&P Futures Surge Higher: S&P futures are up 1.6% in Thursday morning trading, following a mixed Wednesday session where US equities mostly ended lower in choppy conditions, with defensive sectors underperforming. Cyclical stocks held up better but still closed well off their intraday highs. The Russell 2000 finished slightly higher but was down nearly 2%
ETFsector.com Daily Trading Outlook, September 19, 2024 Read More »
S&P Futures are up 0.1% in Wednesday morning trading after a mostly flat session on Tuesday. The S&P 500 briefly hit a new all-time high before giving up most of its gains in the afternoon. Small caps, cyclicals, and crowded shorts were among the top performers. In other markets, Treasuries weakened across the curve, Gold
ETFsector.com Daily Trading Outlook, September 18, 2024 Read More »
Lower rates and weak commodities prices have investors favoring low vol., high yielding sectors in the near-term
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