Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Continue to Ride the Trend Higher; Upgrading Discretionary to Overweight; Overweight Mid/Small-Caps and more

In today’s briefing:

  • Continue to Ride the Trend Higher; Upgrading Discretionary to Overweight; Overweight Mid/Small-Caps


Continue to Ride the Trend Higher; Upgrading Discretionary to Overweight; Overweight Mid/Small-Caps

By Joe Jasper

  • Our outlook remains bullish and the significant end-of-year rally that we have been expecting since mid-October is in full swing; continue to ride the trend higher.
  • Our election day Compass report (11/5/24) was titled “Buy the Pullback,” and last week’s Compass (11/19/24) was similarly titled “Buy the Pullback Again” 
  • We continue to expect significant upside into year-end and the early part of 2025, with small- and mid-caps leading the way, and for index support at 20-day MAs.

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