|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||101.75 / 139.64|
There weren't a lot of market positives Wednesday, but that's one.
Give dip buyers the benefit of the doubt on Wednesday.
The tech-heavy PowerShares QQQ continues to show strong momentum, while the other four stock market exchange-traded funds are beginning to show negative technical divergences.
Last year's darling but down this year, company reports strong earnings.
All five exchange traded funds that represent the five major U.S. equity averages have positive weekly charts, as the tech-heavy PowerShares QQQ continues to lead.
There is concern about the execution of the Trump fiscal agenda and uncertainty about the impact of any Fed rate hikes.
This corrective action has me feeling optimistic about some new opportunities.
There's a roaring bull market in this sector, which is outperforming the Nasdaq.
The sellers are at work, but I expect that they will relent when the Fed news hits.
Some big names get credit for the tech rally, but there's more to it than that, Jim Cramer says.
Small caps are down 0.12% despite the strength in the Nasdaq ETF.
If the uptrend line holds, perhaps shorter timeframe buyers have a shot at testing the mid-$50s.
The exchange traded funds Diamonds and Spiders and transports still have declining momentum, while QQQ's and small caps have positive weekly charts.
What's good for the two big-cap monoliths is not necessarily good for the entire market.
Diamonds ended last week with a negative weekly chart, while Spiders, transports and small caps were upgraded to neutral weekly charts, QQQ's has a positive but overbought weekly chart.
It gave the market a boost, but there's a long way to go.
ETFs are MIA; answering some reader requests.
The exchange traded funds Diamonds, Spiders, transports and small caps have been downgraded to negative, QQQ's remain positive but overbought, but could soon be downgraded as well.
Much of basic materials sector suffers horrid price action.
I don't believe we should read too much into Tuesday's rally.
Let's look at 2 stocks that are in bull trends.
The exchange-traded funds Diamonds, Spiders, transports and small caps have declining momentum, as QQQ's remain overbought.
Doug Kass shares his thoughts on Apple, Facebook and Google.
If you're feeling like being aggressive, don't.