Elev8 Sector Rotation Model Portfolio: November Positioning
Biggest Bets for November are Communications Services and Financials. Zero-weight Sectors to start the month are Healthcare, Energy and Materials
October 31, 2024
Author: Patrick Torbert
Patrick Torbert
Patrick Torbert is a veteran financial market analyst who is currently the Editor and Chief at ETF Insight a NY based full-service content, TV, video podcast and digital marketing firm that represents several ETF issuers. Patrick brings 20+ years of experience from Fidelity Asset Management where he most recently served as an equity and multi-asset analyst.
S&P 500 November Outlook—We Expect the Bull Trend to Continue, Though Near-term Volatility is Likely
Elections often bring near-term volatility, but we expect 5400-5600 to act as an accumulation zone in this bull market trend
October 31, 2024
Real Estate Sector November Outlook—6-Month Bullish Reversal Showing Signs of Fatigue
XLRE continues its intermediate term bullish reversal and looks primed to continue in November. Low vol. sectors and commodities sectors have been the weakest areas of the market in 2024, and we continue to be under-exposed to both areas entering November. However, we are expressing our min vol. short through the Healthcare Sector.
October 31, 2024
Utilities Sector November Outlook—Utilities Continue in an Intermediate-term Bullish Reversal
XLU has been tracing out an intermediate-term bullish reversal over the past 6 months after lagging materially over 3 and 5yr periods. We like this setup for the sector
October 31, 2024
Communication Services Sector November Outlook—Big Interactive Media Stocks are Taking Off Again
We like the technical setup for XLC heading into November and it is our largest position in the Elev8 model
October 31, 2024
Technology Sector November Outlook: A Sour End to October Complicates the Bullish Picture
We are seeing some signs of “AI fatigue” in the stock charts that comprise the Technology Sector
October 31, 2024
Financials Sector November Outlook—Financials enter November as one of our highest scoring Sectors based on our Technical and Macro inputs
The Financial Sector persists in a strong YTD uptrend and stock and industry level performance continues to show broad participation
October 31, 2024
Healthcare Sector November Outlook—Healthcare stocks are down and out to start November
Deeply oversold similar to XLP, but too big an allocation to go long without more evidence of positive change
October 31, 2024
Consumer Staples November Outlook—Rising Rates and Bullish Sentiment have Left Staples Lagging, Now Oversold
Deeply oversold with rates backed up, we are betting on near-term reversal in November
October 31, 2024
Consumer Discretionary Sector November Outlook—Bullish Reversal Still Intact Despite an October Pause
Slowly progressing through a bullish reversal that started in August
October 31, 2024