Biggest Bets for November are Communications Services and Financials. Zero-weight Sectors to start the month are Healthcare, Energy and Materials
Elev8 Sector Rotation Model Portfolio: November Positioning Read More »
We like the technical setup for XLC heading into November and it is our largest position in the Elev8 model
The bull trend for large cap. US equities remains intact and we are positioned for it to continue
Legacy industries have seen performance improve while heavyweight Alphabet has traded down to oversold levels
We wonder how low rates can go if they spark a positive turn around in consumer fundamentals and lending
Investors have rotated away from Mega Cap. Growth over the past 3 months, but now leave many of the bull cycle’s favorite names in buyable positions
META, GOOG/L and NFLX continue to be the performance drivers for XLC. With all three oversold in the near term, we expect a bounce in August.
XLC Communication Services SPDR August Outlook Read More »
Cyclical Sectors have the advantage in the near-term, but the XLK correction is likely a buying opportunity even if it extends another month or more.
Narrations of a Sector ETF Operator | Weekly Market Letter, July 21, 2024 Read More »
ETFsector.com Elev8 Sector Portfolio Allocation Update, July 17, 2024 High-Beta Cyclicals Taking Over Leadership We are seeing a clear move towards economic cyclicals (XLY, XLF, XLI, XLB) in the near-term as a combination of dovish rate expectations and favorable earnings releases boost optimism. That move is being funded by selling longer-term winners XLC and XLK.
XLC on the cusp of a sell signal. As violence erupted in our politics this weekend, a call to stand together and find strength in each other!!
Narrations of a Sector ETF Operator | Weekly Market Letter, July 14, 2024 Read More »
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