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 ....
332 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...
358 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...
417 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...
417 Views
Panic Buying Achieved, Waiting for More Confirmation of a Bottom;Buying Staples & Auto Dealers/Parts
We finally saw panic buying last Friday in the form of 92% upside volume on the NYSE. There is hope that this panic buying could signal that a...
276 Views