Invesco S&P 500 Equal Weight Materials ETF
  • RSPM

  • $37

  • +1.18%
  • $37

  • $37

  • $37

Ticker Appearances

Daily Technical Strategy
Fri, May 17, 2024 | 7:35PM ET

Silver should be favored over Gold; Mining stocks gaining ground

EQUITY TREND BULLISH BUT I SUSPECT UNTIL BOTH DXY AND TNX BREAK TRENDLINE SUPPORT THAT THE RALLY COULD PROVE A BIT CHOPPIER INTO THE END...

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Daily Technical Strategy
Mon, April 1, 2024 | 8:35PM ET

Materials sector raised to Overweight as commodity rally gains momentum

I CONTINUE TO SEE THE US STOCK MARKET AS BEING ATTRACTIVE, TECHNICALLY SPEAKING, AND DO NOT FEEL SUFFICIENT RISK IS THERE TO WARRANT A SELLOFF...

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Thu, February 29, 2024 | 2:27PM ET

⚡ FlashInsights

Thu, February 29, 2024 | 2:27PM ET
2 hours to go, we see Equities hanging onto a slight gain based on SPX's +0.28% rise, while NASDAQ is higher by +0.70%. US Dollar is pushing higher while US Treasury yields are largely following Europes lead in weakening ever so slightly (^TNX -0.19%  lower by -0.02 bp) Precious metals are rising +0.50% & commodities are largely higher led by Coffee, Froz OJ, Iron Ore, Silver. Both Crude and Nat Gas are roughly unchanged, while Gasoline is higher by 1.50%. the Materials sector has benefited nicely in recent days from a bounce in commodities and Materials ETF is nearing prominent peaks made both last July and also December which are important, but today looks to have the chance of exceeding both prior levels on a close above $33.98 in RTM, the Equal-weighted Materials ETF. Outside of Materials, Technology is strengthening sharply above 1% today along with Communication Services and Healthcare is the only 1 of the 11 Equalweighted Sectors with a loss in today's trading. At current levels, RSP the Equalweighted S&P 500, would indeed log a new weekly all-time high weekly close, while being slightly under intra-week peaks made the first week of January 2022. Overall i view today's price action as bullish, once again, and some signs of QQQ starting to reassert its strength which is a positive. The chart enclosed is of the Materials sector and the ability to break out in the days to come would support some near-term outperformance by Materials stocks. I'll discuss this sectors best technical stocks next week and what i like overweighting

Daily Technical Strategy
Wed, June 21, 2023 | 7:51PM ET

Commodity rally looks to be underway

TREND BULLISH- EXPECT THAT MINOR WEAKNESS IS BUYABLE INTO END OF WEEK AND PROVIDES SOME STRENGTH INTO END OF MONTH AND INTO MID-JULY.  UNDER SPX...

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