Aerospace/Defense nears breakout while Energy picking up steam

The near-term technical structure has worsened a bit this week with the break of 4100.  While I ultimately expect any further pullback to prove mild and not undercut 3885 before turning back up to 4250 and higher, one can’t rule out more weakness based on this week’s decline. 

I expect this to prove to be minor rotation out of some of this year’s strongest outperformers thus far, like Communication Services, Consumer Discretionary, and RE...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Articles Read 2 /2

Enjoyed the read? Subscribe now for unlimited access!

Get invaluable analysis of the market and stocks. Cancel at any time.

Already have an account? Sign In

Trending tickers in our research

Articles Read 2 /2

Enjoyed the read? Subscribe now for unlimited access!

Get invaluable analysis of the market and stocks. Cancel at any time.

Already have an account? Sign In