S&P futures up 0.1% Tuesday morning, following a mixed start to the week where big tech and semis rallied but defensives and rate-sensitive sectors faced pressure. Treasuries slightly weaker, continuing Monday’s bear steepening. Dollar index down 0.2%, gold up 0.3%, Bitcoin futures off 1%, and WTI crude up 0.7%. Markets remain focused on NVDA’s CES […]
ETFsector.com Daily Trading Outlook, January 7, 2025 Read More »
Surprising strength from Media and Entertainment industries has added luster to a sector typically supported by its Mag7 pillars
We like the technical setup for XLC heading into November and it is our largest position in the Elev8 model
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 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
ETFsector.com Daily Trading Outlook, September 27, 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 »
Investors have rotated away from Mega Cap. Growth over the past 3 months, but now leave many of the bull cycle’s favorite names in buyable positions
Tech shares came under renewed pressure on Tuesday ahead of MSFT and other Mag7 earnings reports. MSFT posted a mixed earnings release after the bell with shares off 4% in extended trading after the bell. The negative catalyst was a miss in Azzure cloud revenue vs. very high expectations along with higher costs from ongoing
ETFsector.com Daily Trading Outlook, July 31, 2024 Read More »
GS showing steady improvement while META is suddenly on the ropes.
ETFsector.com Daily Trading Outlook, July 15, 2024 Read More »
Equities finished the holiday week on a tear with the Nasdaq pacing the advance adding 0.90% while the S&P 500 gained 0.54% and the Dow 0.17%. There was a marked contrast between winners and losers in a lightly traded session. META paced advancers at the stock level up 5.87% with GOOG, TSLA and AAPL also
ETFsector.com Daily Trading Outlook, July 8, 2024 Read More »
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