defensives
- Daily Technical Strategy
- Daily Technical Strategy
Defensives give way again, as Technology holds strong
SPX, NASDAQ and DJIA look to be in the final stages of their decline off mid-September peaks. Prices got briefly below June lows but held as of Tuesday’s end of day close. The bullish case for fighting trends into next week is all centered on the following:Oversold conditions.Anemic breadth levels.Possibility...
- Daily Technical Strategy
Defensives gaining ground as Technology weakens
The near-term could prove choppy for US Equities heading into this week’s FOMC meeting. While there was some definite evidence late last week of $SPX, $QQQ stalling out as Technology reached short-term resistance, one can’t rule out a challenge of last Friday’s highs which might allow for a push to...
Technical Strategy
Defensives outperform while QQQ falls to multi-day lows
Technical Strategy Video: https://vimeo. com/656355183/a3e0c287d2 Equity index trends remain largely in consolidation mode and important to hold SPX 4612, QQQ-387.60 to avoid a selloff...
Technical Strategy
Defensives outperform as Yields, USD push higher ahead of Infrastructure Bill signing
Technical Strategy Video: https://vimeo. com/646229653/aaf1102f42 Trends, momentum remain bullish, and despite Monday’s minor dip, additional strength looks likely back to new highs for $SPX,...
Chart of the Week
- Technical Strategy
Swap Exposure to Cyclicals From Safety Stocks...NOW
It’s time for investors to position their portfolios for the change in leadership just beginning to take hold, and this means increasing exposure to the right sectors and groups in 2H19 and well into 2020. There is a burgeoning evidence of a market rotation away from safety stocks, such as...
Tom Lee's Equity Strategy
'Hated' Rally of 2019 Faces Crucial FOMC Meeting Week
As just about anyone who isn’t living under a rock expects, the U.S. Federal Reserve Board is set to cut the Fed funds rate next...