Friday morning S&P futures up 0.4% after Thursday’s tech-led U.S. equity sell-off, with Nasdaq down over 2.5%—its steepest drop since early September. Treasuries are flat to weaker with curve flattening, the dollar index is up 0.2%, gold up 0.3%, Bitcoin futures down 0.3%, and WTI crude up 2% amid geopolitical tensions. Key Earnings Takeaways: Amazon […]
ETFsector.com Daily Trading Outlook, November 1, 2024 Read More »
Slowly progressing through a bullish reversal that started in August
S&P futures are up 0.4% in Tuesday premarket trading, bouncing back after a weaker Monday session driven by rising Treasury yields. Big tech was mostly down yesterday, except for NVDA, which outperformed. European markets are weaker today, following a mixed session in Asia where China returned from its Golden Week holiday. Treasuries are mixed, with
ETFsector.com Daily Trading Outlook, October 8th, 2024 Read More »
With Mag7 near-term oversold, the bull will show its hand (or not) this week.
Narrations of a Sector ETF Operator | Weekly Market Letter, September 8, 2024 Read More »
Wednesday saw a snap back towards Semiconductor and Technology shares spurring a big day for equities. Among the large cap. indices, the Nasdaq paced the advance adding 2.64% while the S&P 500 gained 1.58% and the Dow, 0.24%. Among sectors, the XLK led on the day surging 4.24% higher on renewed strength from Semiconductor buying.
ETFsector.com Daily Trading Outlook, August 1, 2024 Read More »
The Consumer Discretionary Sector has shown aggregate technical improvement at the sector level. XLY registered as a long position in our Elev8 Sector Rotation Model at the end of June, 2024 (ETFsector XLY July Outlook) and has since generated several bullish confirmation signals in our process. We will be providing trading signal updates and analysis
Trade Signal Recap: Reiterate BUY XLY, July 9, 2024 Read More »
XLY has shown signs of bottoming as inflation has continued to dissipate. Investors are starting to gain conviction that the Fed. will be more accommodative to equities in its forward interest rate policy prescriptions as a flagging consumer and slowing industrial production have the potential to supplant inflation as a primary concern.
XLY, Transports showing signs of life. Adding some bullish peripherals to the strong Growth stock performance that has been the foundation of this bull market
ETFsector.com Daily Trading Outlook, June 27, 2024 Read More »
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