Narrations of a Sector ETF Operator | Weekly Market Letter, November 3rd, 2024
The Mag7 is dead, long live the Mag7.
Narrations of a Sector ETF Operator | Weekly Market Letter, November 3rd, 2024 Read More »
Insights
Elev8 Sector Rotation Portfolio: October Attribution Report
Sometimes it’s what you don’t own that is more important.
Elev8 Sector Rotation Portfolio: October Attribution Report Read More »
ETFsector.com Daily Trading Outlook, November 1, 2024
Friday morning S&P futures up 0.4% after Thursday’s tech-led U.S. equity sell-off, with Nasdaq down over 2.5%—its steepest drop since early September. Treasuries are flat to weaker with curve flattening, the dollar index is up 0.2%, gold up 0.3%, Bitcoin futures down 0.3%, and WTI crude up 2% amid geopolitical tensions. Key Earnings Takeaways: Amazon
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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
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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
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.
Real Estate Sector November Outlook—6-Month Bullish Reversal Showing Signs of Fatigue Read More »
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
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
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
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