Housing Heating Up
As the SPX continues to climb, I want to look for sectors outside of tech that can continue to push. Housing may be the next that’s ready.
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As the SPX continues to climb, I want to look for sectors outside of tech that can continue to push. Housing may be the next that’s ready.
Tech is trading like it’s 1999. Can we see one more week before seasonality and extreme readings kick in?
Like many tech names, PANW has been on fire, making new all-time highs yet again today. It has also reached up just shy of its Voodoo fireline here today. Above that line and we’ll need to update the indicator with new levels. However, a cluster of resistance nearby might stop the advance.
When the S&P and NASDAQ are making new highs, the question has to be HOW do we enter the trend? In this update, I share WHY the S&P and NASDAQ are making new highs, and how to take advantage of Index-Sector-Stock alignment.
There are nearly infinite ways to predict price targets, but did you know about this one in the Dow? It’s one of my favorite, and at least for this moment, it seems to be a inflection point.
Finally, markets are seeing some rotation into the unloved sectors. We will be looking at buying cheap calls in healthcare stocks, with good looking charts.
6 days ago I shared one of my favorite earnings spread strategies. Today we had an opportunity to apply them again and the results speak for themselves.
Multi time-frame squeezes + multi time-frame alignment = explosive moves. Let’s recap the action from today’s rally.
A nice bounce in the /ZB helped the lagging indexes, like the XBI. Now XBI looks like a possible upside breakout.