Small Caps Shine While Nasdaq Dives!

07.26.24: Mary Ellen McGonagle, author MEM Edge Report, reviews the health of the broader markets while highlighting what's driving price action. She also shares why Biotech stocks are rallying and which ETF is best to participate. The divergence between growth and value stocks is also shown.

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00:00 - Welcome
00:38 - Headline News: Employment Data, Fed Meeting
01:41 - S&P 500 Large Cap Index ($SPX), Nasdaq Composite ($COMPQ)
03:16 - Sectors: Industrials (XLI), Technology (XLK), Discretionary (XLY)
05:44 - Communication Services (XLC)
07:07 - MarketCarpet: Mega Caps DOWN!
08:25 - Vanguard Growth vs. Value ETFs (VUG:VTV)
09:14 - Bristol Myers (BMY), Molina Healthcare (MOH)
11:00 - 3M (MMM), Deckers (DECK)
13:22 - Regional Banks (KRE), Biotech ETF (IBB), Homebuilders ETF (XHB)
15:13 - Russell 2000 ETF (IWM), Volatility Index ($VIX)
16:13 - Semiconductors (SOXX), 10-Year Yield ($TNX)
17:22 - US Medical Devices (IHI), Edwards Lifesciences (EW)
18:04 - DexCom (DXCM), Tech-Software ETF (IGV), ServiceNow (NOW)
19:19 - Microsoft (MSFT), Alphabet (GOOGL)
20:42 - Special Announcement, Conclusion

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❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

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[StockChartsTV]

👀 See what better financial charting can do for you!
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[marcojuarez]

Thanks for posting on YouTube it's very convenient to watch. Have a wonderful weekend.

[peterpayne]

I happen to be bilingual in Japanese, and the word "shine" (pronounced "shi-neh") happens to be one of the rudest words in Japanese. It means "Die!" Let's hope that small caps don't die this time around.

[ioannislazaridis]

The clear presentation of all information and their corelation makes Ellen McGonagle's weekly market's overview an unparalleled program for swing traders.
I'm waiting for the expiration on my other subscriptions before I subscribe to Ellen's MEM Edge Report.

[tanleproe]

Small caps seem to fill up the large cup shape. The handle formation is expected to take shape in some weeks. Maybe September will have good news for regional banks. GL

[FrozenDoberman]

Mary watches the market sectors daily very closely. Swing trading market timing rules. This is a sharp dichotomy compared to the Vanguard / Warren Buffett buy and hold the index for years method. Few traders comment on which approach provides the largest overall financial gains over the longer-term. Certain traders invest some of the funds long-term in the S&P 500, and swing trade the rest. How many millionaire net worth traders do you know compared to millionaire long-term investors?

[jerrygarcia]

I’d love to come say hello and to thank both you and Dave, but I’ll be flying to Brazil 🇧🇷 August 1st. It’s HOT 🥵 here in Las Vegas!!!

[anandrao]

Nice market summary! With unemployment rate up for 3 consecutive months, I’m not so sure bad news will be good news if we get weak employment numbers.