The Financial Sector persists in a strong YTD uptrend and stock and industry level performance continues to show broad participation
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 »
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 »
The XLF has improved steadily over the past 9 months. And after a bit of a stumble in May relative to the S&P 500 it looks to be in a very constructive position for June. Our Elev8 Sector Model debuts with an OVERWEIGHT Position in XLF vs. the benchmark S&P 500 of +1.10%
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