The Halftime Show: 6 ETFs That Are on My Radar
In this week's edition of StockCharts TV's Halftime, Pete reviews 6 ETFs that are in different stages of trends. Two in the banking sector are in downtrends that are undeniable: KRE and KBE. This review ties in the recent commentary from Jamie Dimon, the CEO of JP Morgan. With that, Pete reviews the banking sector and the upcoming Fed meeting. Charting the course for Fed moves, Pete pulls up the Fed Funds rate compared to the unemployment rate; it shows a consistent pattern that he points out as "one to watch" if things change. To round out the show, he reviews the equal-weight ratio of the consumer discretionary and the consumer staple funds; he then reviews the chart of NVDA, showing four gaps -- one which is close to occurring, and one that would not be welcomed if it were to occur.
This video originally premiered on September 13, 2023. You can watch on our dedicated Halftime by Chaikin Analytics page on StockCharts TV, or click this link to watch on YouTube.
You can view all previously recorded episodes of Halftime by Chaikin Analytics with Pete Carmasino at this link.