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 »
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 »
US equities closed mostly lower on Thursday, with the Dow down 0.54%, S&P 500 off 0.30%, and Russell 2000 falling 0.61%, while the Nasdaq managed a 0.25% gain. Big tech, particularly Tesla (+4.9%) and Amazon, helped the Nasdaq stay positive. Lagging sectors included machinery, healthcare distributors, biotech, chemicals, insurers, and telecom, while airlines, REITs, discount
ETFsector.com Daily Trading Outlook, September 6, 2024 Read More »
Company Fundamentals have been resilient despite softer economic conditions. We continue to watch the level of interest rates, believing the bull market narrative is dependent on rates staying lower to support any sustained consumer recovery.
Narrations of a Sector ETF Operator | Weekly Market Letter, August 25, 2024 Read More »
Equities ended Monday’s session mixed with the S&P 500 (+0.08%) and the Nasdaq Composite (+0.07%) up slightly and the Dow finishing off 0.12%. Investors treaded water waiting for consequential earnings releases from MSFT, AAPL, META and AMZN later this week with the former kicking things off tonight after the bell. Other notable co.’s reporting today
ETFsector.com Daily Trading Outlook, July 30, 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 »
The Consumer Discretionary Sector has shown aggregate technical improvement at the sector level. XLY registered as a long position in our Elev8 Sector Rotation Model at the end of June, 2024 (ETFsector XLY July Outlook) and has since generated several bullish confirmation signals in our process. We will be providing trading signal updates and analysis
Trade Signal Recap: Reiterate BUY XLY, July 9, 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 »
Equities opened July (and the second half of the year) on a positive note and with a familiar profile. The Nasdaq Composite paced gains for large cap. equities adding 0.83% while the S&P 500 was up 0.27% and the Dow Industrials gained 0.13%. ISM Manufacturing data came in at a 48.5 reading (below 50 is
ETFsector.com Daily Trading Outlook, July 2, 2024 Read More »
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