• S&P 500 On The Verge Of Another Bullish Breakout

    5 monthes ago - By ETF Daily News

    From Chris Kimble : The four-pack of charts below highlights that key stock indices remain in long-term upward trends and price action over this year has not changed the long-term trends.
    Each index remains inside of channels that have been in place ranging from 9-years for the Nasdaq to 30-years for the Dow and S&P 500.
    Each hit the underside of these long-term rising channels back in January and since then have been very choppy with little net progress, just under the top of the rising channels.
    What could put an end to the choppy action? Breakouts of long-term rising channels!
    What do...
    Read more ...

     

  • Just Four Stocks Account For 68% Of S&P 500's Gains This Year

    Just Four Stocks Account For 68% Of S&P 500's Gains This Year

    5 monthes ago - By ETF Daily News

    From Tyler Durden : Forget MAGA, it's a MANA market in 2018.
    Since the start of the year NYSE's FANG+ Index has massively outperformed the broad market...
    With Information Technology accounting for 97% of the S&P 500's total return performance YTD...
    However, as S&P Dow Jones Indices' Howard Silverblatt tweeted today , it gets even more concentrated, forget FAANG+, FANG, it's MANA that matters as just four stocks - Microsoft, Apple, Amazon, and Netflix - were responsible for over 68% of the S&P 500's total return through Monday .
    So the message from 2018's markets is simple...
    Read more ...