I remain very bullish and U.S. stocks have run hard to the upside off the April low with growth stocks leading the way. I expect growth stocks to remain strong throughout the summer months, as they historically do, but we need to recognize that they’ve already seen tremendous upside. Could technology (XLK) names, in particular, … Read more
KEY TAKEAWAYS Materials sector climbs to #5 in rankings, displacing Utilities. Technology maintains leadership, but Communication Services and Financials show weakness. Daily RRG reveals potential for Materials, caution needed for Comm Services and Financials. Portfolio drawdown continues, currently 8% behind S&P 500 YTD. After a relatively quiet week for the S&P 500, we’re seeing some … Read more
The Nifty traded in a broadly sideways and range-bound manner throughout the previous week and ended the week with a modest decline. The Index oscillated within a narrow 276-point range, between 25144.60 on the higher end and 24918.65 on the lower end, before settling mildly lower. The India VIX declined by 3.60% over the week … Read more
KEY TAKEAWAYS No changes in sector ranking composition this week, a rare occurrence Technology sector continues to dominate, showing sustained strength Industrials rotating out of leading quadrant but maintaining second-highest RS ratio Financials and materials showing negative trends, potentially exiting top 5 Sector Rotation Stalls, Tech Remains King Despite a slight rise in the S&P … Read more
