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 »
Industrials experienced a solid bounce in July and an upside break-out above resistance. We expect positive momentum to boost performance in August.
XLI Industrials SPDR August Outlook Read More »
Energy Sector stocks have continued to firm despite weakness in the Crude price. Historically this is an outlier, so which is right, the stocks or the barrel? We give the benefit of the doubt to the stocks in our process, and we are constructive on the Energy Sector for August.
XLE Energy SPDR August Outlook Read More »
XLV bounced in July, but we remain skeptical that this is a prelude to longer-term trend change. We remain short the XLV in our model for August despite near-term improvement.
XLV Healthcare SPDR August Outlook Read More »
Bullish reversal has now reached clear overbought conditions. We are betting on a pause in August.
XLRE Real Estate Sector SPDR August Outlook Read More »
XLP had the weakest score in our Elev8 Sector Rotation Model as we position for August and we remain on the sidelines.
XLP Consumer Staples SPDR August Outlook Read More »
Tech shares came under renewed pressure on Tuesday ahead of MSFT and other Mag7 earnings reports. MSFT posted a mixed earnings release after the bell with shares off 4% in extended trading after the bell. The negative catalyst was a miss in Azzure cloud revenue vs. very high expectations along with higher costs from ongoing
ETFsector.com Daily Trading Outlook, July 31, 2024 Read More »
Equities ended Monday’s session mixed with the S&P 500 (+0.08%) and the Nasdaq Composite (+0.07%) up slightly and the Dow finishing off 0.12%. Investors treaded water waiting for consequential earnings releases from MSFT, AAPL, META and AMZN later this week with the former kicking things off tonight after the bell. Other notable co.’s reporting today
ETFsector.com Daily Trading Outlook, July 30, 2024 Read More »
XLE and XLB are bouncing, but the price action in the Bloomberg Commodities Index isn’t supportive of sustained outperformancer
Equities closed the week on a positive note with investors “buying the dip” into the weekend after a week that saw the Technology Sector fall out of the leadership spot for the year replaced by the Financial Sector. The major US Indices were all positive on the day with the Dow leading the advance adding
ETFsector.com Daily Trading Outlook, July 29, 2024 Read More »
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