The video in this report is only accessible to members
The video in this report is only accessible to members

Key Takeaways

  • Monday’s rally confirms a short-term Equity rally is underway into early next week
  • Growth might rebound temporarily, but Value still looks compelling for 1H 2022
  • Coal stocks have recently broken out again and remain extraordinarily strong

Short-term BULLISH- Equities look to be turning up on schedule, and further strength looks likely into next week before any stalling out and/or reversals back down into May.  The churning of the last couple days has now given way to a minor downtrend line break, which structurally turns trends higher in the short run, despite many technical momentum indicators still being negative.  Overall, I expect a technical rally in US Stocks to last into 4/19 at a minimum, which should be led by Small-caps, but also a bounce in Technology and Growth.  However, this strength likely will prove short-lived, and I still am of the opinion that further weakness is likely into May/June timeframe.  Upside targets lie at SPX-4526, with a maximum (in all likelihood) near 4560 before a downside reversal gets underway.

The video in this report is only accessible to members

Small & Mid-Cap Growth/Value ratios have broken multi-year uptrends  

Given my thoughts on a rally, it’s likely that QQQ outper...

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