Supports to Be Tested Again Following CPI? Stick With Solar Stocks, Buying Manufacturing Names
Supports discussed in recent weeks have held, including 3900 on $SPX, $293 on $QQQ, and $177-178 on $IWM. These levels could be tested again...
318 Views
Downgrading Utilities & Staples to Market Weight; Buy Ideas in Health Care & Trucking
Positive developments are popping up, such as bullish reversals of 4-5-month downtrends for Financials $XLF and Broker-Dealers/Exchanges $IAI ....
347 Views
U.S. Indexes Form Bear Flag Patterns Within Downtrends; Opportunities Within Health Care
We continue to view the price action over the past month as a bear market bounce in the S&P 500, Nasdaq 100 (QQQ), and Russell 2000 (IWM), as each...
370 Views
S&P 500 Downtrend Channel Intact & Testing Support; Buy Ideas Within Energy & Biotech
The $SPX is trading within a downtrend channel; as long as it remains within this channel, our intermediate to long-term outlook is bearish at the...
440 Views
SPAC Talk: No Safe Haven for De-SPAC Investors
KEY HIGHLIGHTS Better late than never. The past week has been a relatively busy week for SPACs, which is a rare statement in the context of 2022...
427 Views