The Dow Jones Industrial Average hit a record high on Thursday, rising 243.63 points (0.59%) to close at 41,335.05, boosted by gains in Goldman Sachs, Intel, and Visa. The S&P 500 finished just below flat at 5,591.96, while the Nasdaq Composite fell 0.23% to 17,516.43. At the sector level XLE led on the day adding […]
ETFsector.com Daily Trading Outlook, August 30, 2024 Read More »
The tech-heavy Nasdaq Composite fell 1.12%, the S&P 500 dropped 0.6% and the Dow trimmed 0.39% on Wednesday. At the sector level, XLF and XLV led while XLY and XLK were the biggest laggards. Conforming to recent trends, Value and min vol. were outperforming factors on the day as they generally have been in 2024
ETFsector.com Daily Trading Outlook, August 29, 2024 Read More »
US equity indices edged positive Tuesday afternoon to finish at best levels of the day. Markets likely will tread water into NVDA earnings after the bell on Wednesday. Tuesday saw the Dow add 0.02% as the S&P 500 and Nasdaq both gained 0.16%. At the sector level XLE and XLU were laggards for the day
ETFsector.com Daily Trading Outlook, August 28, 2024 Read More »
Equities closed the week with a flourish as the Nasdaq responded to Thursdays decline by leading large cap. equities higher on Friday adding 1.47% while the S&P 500 was up 1.15%, the Dow gained 1.14% and the Russell 2000 surged 3.19% and nearing highs for the year. At the sector level XLY, XLRE and XLK
ETFsector.com Daily Trading Outlook, August 26, 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 »
Nearing a buyable near-term low in Technology Sector shares. Keep an eye on what Commodities prices do as they trade at support.
Narrations of a Sector ETF Operator | Weekly Market Letter, July 28, 2024 Read More »
The profit taking motive surfaced quickly with selling in TSLA and NVDA sparking broader redemptions in Mag7 positioning for the first time in July. The Dow led on the day adding 0.08% while big Tech and Mag7 selling contributed to a -1.95% correction for the Nasdaq while the S&P 500 was off 0.88%. With the
ETFsector.com Daily Trading Outlook, July 12, 2024 Read More »
Semiconductors have led everything YTD, but other areas of the XLK are showing near-term improvement now as Semi’s have consolidated in over the past week. Price Action & Performance XLK was among the leadership cohort for the 2nd month in a row after a weak spot in March and April. Momentum made a bull market
Monday finished with the Dow leading a mixed tape. The Dow Industrials continued their positive mean-reversion behavior in the near-term adding 0.67% while the S&P 500 gave up 0.31% and the Nasdaq slipped 1.09% as investors extended NVDA’s three day slide down another 6.68%. No obvious catalyst for the sharp sell-off, but profit-taking is a
ETFsector.com Daily Trading Outlook, June 25, 2024 Read More »
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024 I want to talk about time this week. Yes, the ubiquitous kind on which all our lives flow, but also of course the discrete kind, like the humble trading day, or the even more humble day. Depending on perspective and position, time
Narrations of a Sector ETF Operator | Weekly Market Letter, June 23, 2024 Read More »
Stay updated with the latests analysis and insights from etfsector.com