Technology Sector November Outlook: A Sour End to October Complicates the Bullish Picture
We are seeing some signs of “AI fatigue” in the stock charts that comprise the Technology Sector
NVDA
Narrations of a Sector ETF Operator | Weekly Market Letter, October 20, 2024
The bull trend and the macro picture continue to be constructive, but there are signs that sector leadership could swing away from Technology and Mega Cap. Growth shares.
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ETFsector.com Daily Trading Outlook, October 15th, 2024
S&P futures little changed in Tuesday morning trading. Comes after US equities finished higher to start the week with S&P 500 notching its 46th ATH of 2024. However, some focus on very light volumes. Tech a standout on semi strength, while utilities also rallied more than 1%. Treasuries firmer with curve flattening. Dollar index down
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Thematic Thursday ETF Report: Semiconductors (SOX Index) on the Cusp of Bullish Reversal
Semiconductors showing signs of Bullish Reversal, Potential Accumulation Opportunity
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ETFsector.com Daily Trading Outlook, October 8th, 2024
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 »
ETFsector.com Daily Trading Outlook, October 7th, 2024
S&P futures are down 0.5% in Monday premarket trading, giving back some of Friday’s gains. This comes after stronger-than-expected nonfarm payrolls boosted hopes of a soft landing, but also tempered expectations for a 50bp Fed rate cut in November, shifting focus to a 25bp move. European markets are mostly lower after a strong Asian session.
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ETFsector.com Daily Trading Outlook, October 4h, 2024
S&P futures are up 0.3% in Friday morning trading, following a mixed Thursday session where energy, exchanges, regional banks, and department stores outperformed, while apparel, materials, and hospitals lagged. NVDA-US was a standout among the Mag 7. Treasuries were slightly weaker, the dollar index down 0.1%, gold steady, Bitcoin futures up 1%, and WTI crude
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ETFsector.com Daily Trading Outlook, October 3rd, 2024
S&P futures are down 0.3% in Thursday morning trading, following a mixed close for US equities on Wednesday. Semiconductors and China tech outperformed, while apparel, retail, autos, builders, and food/beverage lagged. TSLA-US led declines among the Mag 7 stocks. Treasuries weakened, and the dollar index rose 0.2%, with sterling under pressure due to dovish BoE
ETFsector.com Daily Trading Outlook, October 3rd, 2024 Read More »
Narrations of a Sector ETF Operator | Weekly Market Letter, September 8, 2024
With Mag7 near-term oversold, the bull will show its hand (or not) this week.
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ETFsector.com Daily Trading Outlook, September 3, 2024
Stocks closed higher on Friday, marking the fourth consecutive month of gains. The S&P 500 rose 1%, with 76% of its stocks gaining, and finished August with a 2.3% increase, bringing its year-to-date gain to 18.4%. The Dow Jones Industrial Average rose 0.6%, hitting its fourth all-time high this week, while the Nasdaq composite gained
ETFsector.com Daily Trading Outlook, September 3, 2024 Read More »