Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: Rotation Continues; Bullish Outlook Intact; Buys in Global Financials and more

In today’s briefing:

  • Rotation Continues; Bullish Outlook Intact; Buys in Global Financials, Industrials, Discretionary


Rotation Continues; Bullish Outlook Intact; Buys in Global Financials, Industrials, Discretionary

By Joe Jasper

  • Our bullish outlook (since early-November 2023) remains intact. Continue to ride this trend higher and buy dips as long as ACWI-US and EEM-US remain above supports at $110 and $41-$42.
  • In our previous Int’l Compass (June 27) we discussed the rotation that we believed was starting, whereby global Technology (IXN-US) would consolidate as investors rotate to laggard areas.
  • This rotation has continued while Technology goes through a healthy consolidation. Continue to focus on other more value-oriented Sectors while Technology/growth consolidates

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