|Bid||143.48 x 800|
|Ask||143.73 x 1000|
|Day's Range||141.46 - 144.72|
|52 Week Range||141.45 - 173.39|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.27|
|Expense Ratio (net)||0.20%|
If you want an edge in investing, you need to look at money flows from the smart money and the momo crowd.
After President Trump’s tweet about a potential 10% tariff on iPhone imports from China, investors’ heightened attention to technology stocks moved a notch higher. Becky Quick of CNBC was in tune with investor concerns, as shown in this segment, but it was my answer to the spot-on question from Andrew Ross Sorkin on tech stocks that has generated the most emails. Please click here for an annotated chart of Nasdaq 100 ETF (QQQ) I chose the chart of this ETF over the Dow Jones Industrial Average (DJIA) the S&P 500 ETF (SPY) and the small-cap ETF (IWM) because of dominance of tech stocks in the Nasdaq 100.
Historically the odds favored positive returns for the two days surrounding the Thanksgiving holiday. The potential for a decent bounce into the end of the year is good, and the fact that there is so much skepticism is a positive.
The problem today is that the market negative has been consistently negative for a while and even when there is a relief bounce, like we had on Wednesday, the strength is being used as an opportunity for reduction of long positions rather than a sign that a bottom may be forming. Overall breadth is running negative, with around 3200 gainers to 3600 decliners, and there are over 250 names hitting new 12-month lows. -- are still under pressure and the DJIA is at a recent closing lows.
To be officially in correction (down 10% or more), the closes are used. The highest close in the S&P 500 (^GSPC) was 2930.75 on September 20, 2018. Multiply by 0.9, round down, and we get the magic level at which the S&P 500 must close to be in correction: 2637.67 The market breached this level today, so that has generated some “S&P 500 in correction” headlines. But it’s not official until the close. Also, markets do not fall in and out of correction. ...
Disappointing earnings from NVIDIA Corporation ( NVDA) and Nordstrom, Inc. ( JWN) reinforced concerns over slowing growth in 2019 – particularly in the technology sector. Looking at technical indicators, the RSI appears slightly oversold at 44.45, and the MACD uptrend remains in place.
The iShares Russell 2000 ETF (IWM) , the largest exchange traded fund tracking smaller companies, and other small-cap ETFs have been under pressure in the fourth quarter. Now, some technical challenges are mounting for some small-cap funds. Saddled with a fourth-quarter loss of just over 8%, IWM is close to seeing a death cross, the technical scenario where a security's 50-day moving average dips below its 200-day moving average.
The U.S. benchmarks’ fleeting post-election rally attempt has fizzled, writes Michael Ashbaugh, with the S&P 500 violating its 200-day moving average.
Please click here for the chart of the core Producer Price Index (PPI) through October. Core PPI excludes food and energy. At The Arora Report we use core PPI in our timing model that has inputs in 10 categories.
22nd Century Group (XXII) is a plant biotechnology company that’s focused on developing technologies to manage the nicotine content in tobacco plants and the cannabinoids in cannabis plants using gene editing and plant breeding technologies.
With the U.S. midterm elections now behind us, and that source of uncertainty resolved, many investors are now focused on which stocks and sectors are most likely to outperform. Marko Kolanovic, the widely followed global head of quantitative and derivatives research at JPMorgan, forecasts a year-end rally that he believes will be led by small cap and emerging market stocks. "Appropriate exposures may be high-beta indices such as Russell 2000 and MSCI Emerging Markets," Kolanovic wrote in recent note to clients, as quoted by CNBC.
Major U.S. indexes ticked higher on expected news from the polls and the Fed. Here are some levels to watch out for in the week ahead.
Unusual trading signals in individual stocks have historically been able to forecast a market about to fall. These warnings also provide a heads-up for opportunistic entry points. On Oct. 12, we published an article saying we expected the markets should fall an average of 5.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.
Small-cap stocks and the related exchange traded funds were among the assets that were drubbed as stocks tumbled last month. The iShares Russell 2000 ETF (IWM) suffered a double-digit loss last month and still resides nearly 11% below its 52-week high, but the benchmark small-cap fund is up nearly 5% over th past week. “So while it's plain to see why IWM was punished more harshly than its peers in this latest round of selling, it's worth pointing out that the fund still has several layers of support in place to stem further bleeding, should volatility continue to haunt equity markets in the weeks ahead,” according to Schaeffer's Investment Research.
The stars are aligned for a year-end rally that lifts major indices into modest but positive gains, rewarding market players who have suffered through the deepest correction since 2015. Rather, Wall Street greed and the hunt for annual performance by the world's biggest fund managers should now move to the top of the market's agenda and is unlikely to be dissuaded by rising yields, China tariffs or the rest of 2018's critical economic issues.
Positive economic data and strong earnings could continue to offset political uncertainty as markets digest midterm election results this week.