Tag: Tech Select Sector SPDR ETF (PACF:XLK)

Big Tech Earnings Boost NASDAQ

Posted on by The INO.com Team

Hello traders everywhere. The NASDAQ has gained over 2% today spurred by fantastic earnings from the tech sector, which has seen substantial profit taking as of late.

Amazon.com Inc (NASDAQ:AMZN) reported earnings per share of 52 cents a share, way ahead of Wall Streets estimate of 3 cents a share. Amazon Web Services, the company's cloud business, was its primary driver for growth, with sales leaping 42% on a year-over-year basis.

Amazon also received a boost in sales from its Whole Foods acquisition back in August.

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Meanwhile, the Microsoft Corporation (NASDAQ:MSFT) beat Wall Street earnings expectations by 12 cents a share as its commercial cloud business topped $20 billion in annualized revenue for its fiscal first quarter. The stock was on track to post its biggest one-day gain since October of 2015. Continue reading "Big Tech Earnings Boost NASDAQ" →

How to Perform Serious Sector Analysis Using ETFs

Posted on by The INO.com Team

In today's video, I'll be examining nine different sectors of the economy and analyzing their trends using SPDR ETFs. Out of the nine different sectors, I'll be looking at three of these sectors with strong uptrends, while the remaining six sectors are in a transition stage.

I will, of course, be applying the Trade Triangle technology to each of these nine sectors so you can clearly see how to put each of these sectors to work you.

Creating an ETF sector portfolio is easy and is not as difficult as you may imagine. The first thing you need to do is create a separate portfolio in your Portfolio Manager and enter these nine ETF symbols. Continue reading "How to Perform Serious Sector Analysis Using ETFs" →