The average stock had a rough month in December, but oversold conditions for many stocks and the presence of Mega Cap. stalwarts AMZN and TSLA offer an attractive setup heading into 2025.
The consumer has shown resilience. If rates roll over, that would be an added tailwind.
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 »
Slowly progressing through a bullish reversal that started in August
The bull trend for large cap. US equities remains intact and we are positioned for it to continue
Clear break-out for XLY in September though there is some near-term risk as the daily chart is overbought
We wonder how low rates can go if they spark a positive turn around in consumer fundamentals and lending
XLY has potential to benefit from the change in Fed policy outlook. It has shown some technical improvement over the previous 3-months as well. However, the stock level picture is showing a tough environment for the average stock at present
Discretionary stocks have broken out and retraced in July. They start August with a quality setup, bouncing from oversold conditions. We remain long XLY for August.
XLY Consumer Discretionary Sector 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 »
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