S&P futures up 0.4% Friday morning after US equities rallied Thursday, with over 80% of S&P 500 stocks advancing and the equal-weight S&P rising more than 1%. Stocks remain on track for a mixed weekly performance following two consecutive weeks of strong gains. Asian markets mostly higher overnight, with Japan up for a third straight […]
ETFsector.com Daily Trading Outlook, January 31, 2025 Read More »
S&P futures up 0.4% Thursday morning after US equities closed lower Wednesday, led by big tech weakness, particularly NVDA. Asian markets were mixed in quiet trading with several markets still closed for LNY. European markets up ~0.6%. Treasuries firmer, with 10Y yields approaching 4.50%. Dollar little changed, with yen strength notable. Gold up 0.8%. Bitcoin
ETFsector.com Daily Trading Outlook, January 30, 2025 Read More »
S&P futures are down 2.4% Monday morning, with Nasdaq futures off 3.5%, following last week’s rally where the S&P hit a new ATH. Asian markets were mixed, with the Nikkei and Shenzhen Composite lagging, while Hong Kong outperformed. European markets are down ~1.5%. Treasuries rallied across the curve, the dollar index is down 0.1%, gold
ETFsector.com Daily Trading Outlook, January 27, 2025 Read More »
S&P futures up 0.6% in Monday morning trading, building on Friday’s rally that saw the S&P snap a five-day losing streak with major indices up over 1%. Despite Friday’s bounce, US equities ended mostly down for the week. Treasuries slightly weaker with the curve bull steepening. Dollar index down 0.3%, gold off 0.4%, Bitcoin futures
ETFsector.com Daily Trading Outlook, January 6, 2025 Read More »
We are seeing some signs of “AI fatigue” in the stock charts that comprise the Technology Sector
Mag7 is showing cracks while Commodities prices remain short of bullish trend change. We continue to monitor the latter closely for clues.
Narrations of a Sector ETF Operator | Weekly Market Letter, October 13, 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 0.3% 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 »
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 »
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 »
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