Bottoming
- Daily Technical Strategy
US indices are growing closer to meaningful lows, and this involves a combination of bearish sentiment, out-sized selling pressure/downside volume, cycles projecting lows in late June, some outperformance in Growth stocks and some gauges of oversold conditions that are close to levels that marked bottoms...
- Daily Technical Strategy
ARK Innovation ETF finally looks close to bottoming
Technical Strategy Video: https://vimeo. com/671285885/45b165f337 US Equity trading lows look near; Yet, Friday’s churning hasn’t provided confirmation yet, which likely happens next week, either at lower or higher levels.Sector-wise, the rising US Dollar looks to have hurt Industrials this past week, and Discretionary and Materials also underperformed, while Tech...
- Daily Technical Strategy
China looks to be in final stages of bottoming process
Technical Strategy Video: https://vimeo. com/670951799/25efc067e9 Thursday’s reversal keeps SPX range-bound within a ~200-point range for most of this week. Difficult to expect upside follow-through until 4450 is exceededChina decline looks to have final flush into February which should present attractive buying opportunity coinciding with cycles bottoming and turning higher...
- Daily Technical Strategy
Reasons for Optimism, yet a bottoming process takes time
Technical Strategy Video: https://vimeo. com/669628051/869200ef05 Monday’s reversal was a technical positive after multiple down days, but a retest looks likely, and should provide better buying opportunity on any weakness into FOMCBreadth, momentum, and Fear indicators starting to signal a trading low is closeSigns of capitulation should be in place...
