Deeply oversold similar to XLP, but too big an allocation to go long without more evidence of positive change
Healthcare Sector November Outlook—Healthcare stocks are down and out to start November Read More »
S&P futures were down 0.8% Thursday morning, following Wednesday’s U.S. market decline led by semiconductor, pharma, and QSR sectors. Big tech stocks were mixed, with Alphabet (GOOGL) gaining strongly on earnings, while Microsoft (MSFT) and Meta (META) were pressured by Azure guidance and increased capex scrutiny, respectively. Asian markets were mixed overnight, with declines in
ETFsector.com Daily Trading Outlook, October 31, 2024 Read More »
S&P futures rose 0.1% in Wednesday’s pre-market after a mixed Tuesday session driven by big tech gains, especially in the S&P 500 and Nasdaq, while nearly 70% of S&P components closed down. Key laggards included homebuilders, autos, energy, and defensive sectors. Treasury yields stabilized with support from a strong 7-year note auction. The Dollar Index
ETFsector.com Daily Trading Outlook, October 30, 2024 Read More »
We are near market weight in our XLV allocation for September. Model inputs have improved marginally, but the sustained consolidation in equity prices that typically catalyze performance for the sector have remained elusive
XLF breadth was just short of a “wash out” tactical buy signal in June.
ETFsector.com Daily Trading Outlook, July 9, 2024 Read More »
The XLV lost ground by moving sideways in June, unable to entice investors who were looking to add risk instead. The price action has been sideways since XLV peaked in February, and with a weak start to July trading, the pattern is taking on a distributional look.
Commodities prices came under pressure last week after a sharp rally and Crude has traded down to near-term support. Rates have followed suit by moving lower. This keeps the macro environment supportive of a combination of Growth and Low vol.
ETFsector.com Daily Trading Outlook, June 10, 2024 Read More »
Equities finished the week with the Dow on a rampage (+1.51%) while the S&P 500 finished higher (+0.80%) while the Nasdaq consolidated its near-term gains off -0.01%. Futures are up to start June with the small cap. Russell 2000 projected to open +1.29% and the Nasdaq100 Emini pacing large caps up + 0.52% before the
Setting up for Success | ETFsector.com Daily Trading Outlook, June 3, 2024 Read More »
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