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 »
NVDA managed to dominate the news even with markets on holiday yesterday. It completed its 10:1 stock split and judging by the futures, the reaction will be positive and the halo effect for Tech and Mega Cap. Growth is likely to continue.
ETFsector.com Daily Trading Outlook, June 20, 2024 Read More »
Slightly softer than expected retail sales keep the policy speculators leaning toward cuts. Tomorrow is a market holiday, and Fed comments Tuesday afternoon didn’t offer anything to dislodge the prevailing AI momentum.
ETFsector.com Daily Trading Outlook, June 19, 2024 Read More »
Equities closed mixed on Friday with the Nasdaq printing a 4th record high for the week up 0.12%. The S&P 500 was off 0.04% while the Dow gave back 0.23% to close out the week. CAT and BA dragged down the Dow while cruise lines were the worst performers in the S&P 500. Futures for
ETFsector.com Daily Trading Outlook, June 17, 2024 Read More »
The macro picture underpins a growing disconnect between the index level trends for equities and the breadth beneath the surface. Leadership is becoming narrow.
ETFsector.com Daily Trading Outlook, June 14, 2024 Read More »
Tech stocks led the advance with Semiconductor names up 4.5% on strength from NVDA and Taiwan Semi.
Setting up for Success | ETFsector.com Daily Trading Outlook, June 6, 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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