Utilities Sector October Outlook—Utilities continue in an intermediate-term bullish reversal pattern, and we continue with a positive outlook for the Sector in October
The current 6-month bullish reversal comes against a backdrop of secular decline
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Communication Services Sector October Outlook—We like the setup heading into October and remain long XLC in our portfolio
Legacy industries have seen performance improve while heavyweight Alphabet has traded down to oversold levels
Information Technology Sector October Outlook—We expect buyers to step in as the bull trend for equities reestablishes itself
We continue to bet on the longer-term bull trend amidst sideways consolidation for the XLK
Financials Sector October Outlook—Outlook remains positive despite September stumble
Financials underperformed in the month of September, but the bullish reversal pattern for the sector remains intact and we expect outperformance in October.
Financials Sector October Outlook—Outlook remains positive despite September stumble Read More »
Healthcare Sector October Outlook—XLV corrected in September to an extent which undermines the bullish reversal
XLV’s bullish reversal from July is on life support in the ER
Consumer Staples Sector October Outlook—We continue with a zero-weight exposure to XLP in October
ETF Insights| October 1, 2024 XLP near-term outperformance paused in September with the advent of the Fed’s dovish policy stance and 50 bps rate cut. We see interest rates firming in the near-term and expect some retrenchment from defensive shares moving forward. Price Action & Performance XLP price ended September right where it started despite
Consumer Discretionary Sector October Outlook—We start October with a positive outlook on the Discretionary Sector and a long position in our Elev8 Portfolio
Clear break-out for XLY in September though there is some near-term risk as the daily chart is overbought
Industrials Sector October Outlook—Industrials stocks continue to improve at a steady pace and re-confirmed their bullish reversal in September
XLI continues to be the strongest commodities linked sector in our work.
Materials Sector October Outlook—XLB has demonstrated improved performance in the near-term and is finally showing some constructive signs of bullish reversal
Taking a long position for October on signs of bullish reversal
Energy Sector October Outlook— Price downtrend remains intact, and the sector gets our lowest score to start the month
XLE persists as the weakest sector in our model. We are zero weight to start October in the Elev8 Sector Rotation Portfolio