Tag: Averages

Shepard Smith averages 322,000 viewers in first week on CNBC

CNBC’s Shepard Smith averaged 322,000 total viewers in his first week of shows on the Comcast-owned business network, according to Nielsen Media Research.

The former Fox News anchor parted ways with the network in October 2019 after 23 years there. Smith signed with CNBC in July, where he serves as the network’s chief general news anchor and chief breaking general news anchor as well as executive editor of his own program, “Shepard Smith Reports.”

Smith’s Sept. 30 CNBC debut delivered 373,000 viewers nine days ago, with viewership tracking lower than the premiere newscast over the next four shows.

On Oct. 1, Smith registered 321,000 viewers, followed by 331,000 on Oct. 2, 266,000 on Oct. 5 and 321,000 on Wednesday.

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Weakness In The XLK, XLC, And XLY Signal Weakness In The Broader Averages (ETF Sector Performance For The Week Of 9/14-9/18)

Investment thesis: technology, communication services, and consumer discretionary are three of the largest components in the SPY and QQQ. All three are weakening, which means the broader averages are probably heading lower.

Let’s start with this list of the SPY’s sector components:

Information technology, communication services, and consumer discretionary comprise 49.63% of the index.

Here’s the same data for the QQQ:

Information tech, communication services, and consumer discretionary comprise 85.18% of the QQQ.

If we think of the individual sectors as the frame or scaffolding for the SPY and QQQ, then the (XLK), (XLC), and (XLY) are the important support structures for the QQQ and and SPY. Unfortunately, all three sectors are weakening, indicating the most likely course for the QQQ and SPY is lower.

Let’s start with the XLK’s daily chart:Prices broke a nearly 3-month uptrend this week. There is an accompanying volume spike indicating increased activity. Prices

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