Is the market flashing early signs of a shift? In this week’s video, Mary Ellen McGonagle breaks down the subtle but telling moves happening under the surface. From strength in semiconductors, home builders, and energy to surging momentum in Bitcoin and silver, Mary Ellen highlights the sectors gaining traction and the technical setups traders should … Read more
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
KEY TAKEAWAYS The S&P 500’s uptrend is intact and July is following its historically strong pattern with broad enough participation. The Bullish Percent Index remains above 50 and the percent of stocks trading above their 200-day simple moving average support the bullish movement in the S&P 500. Seasonality often turns choppier from August through October, … 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
