S&P futures are up 0.3% in early trading on Tuesday, following a positive start to the week despite a pullback in the Mag 7 tech names and semiconductors. Financials, Energy, and Materials were among the standouts on Monday. Asian markets were mixed overnight, with Hong Kong leading gains due to strength in property stocks, while […]
ETFsector.com Daily Trading Outlook, September 17, 2024 Read More »
US equities finished higher in Friday trading, with the Dow up 0.72%, S&P 500 up 0.54%, Nasdaq up 0.65%, and the Russell 2000 surging 2.49%. This marked the fifth consecutive day of gains, with the Nasdaq having its best week since November 2023 and the S&P 500 now within 1% of its July record close.
ETFsector.com Daily Trading Outlook, September 16, 2024 Read More »
We think XLY and XLU are the sectors to watch. Both are overbought in the near-term, hard to believe they both could continue higher from here. We start the month giving XLU the nod, but we are ready to pivot if min vol. sectors can’t sustain leadership.
Narrations of a Sector ETF Operator | Weekly Market Letter, September 15, 2024 Read More »
Commentary: Technology rebounded this week, leading all other sectors up 8.1%. Microsoft (+7.2%), Broadcom (+22.4%), Nvidia (+15.8%) along with other big technology stocks helped it claw back almost all its losses from last week, which was its worst week in a year and a half. These were some of the big technology stocks that struggled earlier
Performance Summary: Week ending September 13th, 2024 Read More »
Equities have bounced from oversold conditions with momentum and high beta improving in the near-term.
Factor Friday Report: Offensive Exposures Making a Comeback Read More »
S&P futures are up 0.2% in Friday morning trading, extending the rally as both the S&P and Nasdaq head for a fourth consecutive positive session. Stocks are poised for strong gains this week after last week’s sharp pullback, the largest since the SVB crisis. Asian markets had mixed performance, while European markets are up ~0.2%.
ETFsector.com Daily Trading Outlook, September 13, 2024 Read More »
Equities moved higher on Wednesday with a rebound in AI sentiment leading to Tech. and Nasdaq outperformance. For the day, the Nasdaq composite led the major US indices higher adding 2.17% while the S&P 500 gained 1.07 while the Dow brought up the rear advancing 0.31%. At the sector level, Tech shares paced gains up
ETFsector.com Daily Trading Outlook, September 12, 2024 Read More »
Low vol. and income generating stocks have been the market’s preference since July 1. Macro trends will be pivotal in determining if this dynamic is more than short-term. We expect equities to resolve their present consolidation to the upside by year-end, but will be watching to see if support holds.
ETFSector.com’s Industry Level Leadership Report Read More »
S&P futures are down 0.1% in Wednesday premarket trading, recovering from earlier lows. On Tuesday, US equities closed mostly higher, led by tech after Oracle’s earnings, while banks, autos, and energy lagged. Treasuries strengthened, the dollar fell 0.2% amid yen gains due to Bank of Japan policy comments, and gold rose 0.2%. Bitcoin futures dropped
ETFsector.com Daily Trading Outlook, September 11, 2024 Read More »
US equities closed higher on Monday, with the Dow rising 1.20%, the S&P 500 up 1.16%, and the Nasdaq gaining 1.16%. The Russell 2000 trailed with a 0.30% increase. This rebound came after a difficult week, where the S&P 500 suffered its worst performance since March and the Nasdaq saw its steepest drop since January.
ETFsector.com Daily Trading Outlook, September 10, 2024 Read More »
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