Latest Stock Buy or Sell? Make More Informed Decisions!

He's pretty constructive on markets. The important development we're starting to see is a series of higher highs and higher lows, which is the definition of a new uptrend. His work says that the market put in an important low on 13 October 2022. On a 1-year chart, we're now coming right to some pretty important technical support. The market reaction to jobs numbers tomorrow will be pretty important, but right now it's pretty positive that we're holding the line.

Yes, the big driver is inflation and what the Fed's going to do about it. Since October, he's been telling clients that we're in a higher-for-longer (HFL) cycle. The market is rewarding 3 main beneficiaries of this: financials, industrials, materials. Dividend payers, especially, in all those areas are doing really well. His technical works is showing that those are the outperformers in the market right now. 

Not as much because they're returning capital, and a lot are older companies not as focused on R&D. It's the growth-oriented companies, like those in IT or communication services, that are going to be hampered by higher rates.

Likes real estate, despite rising rates, because he thinks we're getting close to that terminal rate. Big pullback, but trying to stabilize. Speed of descent has slowed. Well established. Likes it longer term. Pick away at it. If it breaks below October lows, re-evaluate.

Big pullback, then a double bottom, sideways trading, then stock broke out. Negative news today, but it's still holding in sideways trading channel. As long as we don't break below recent lows in the range, chart shows higher highs and higher lows, an uptrend. Now in sideways consolidation, a "pennant" in technical terms, which typically results in a continuation of the move. Add on weakness, limit exposure near the recent lows.

Last week for the first time in quite a while, some info tech names showed up on relative strength. See his Top Picks. Be quick to limit risk near recent lows of the last week or two. Signs of a positive shift, especially in the US, towards info tech. Still, given higher rates and the sensitivity in the economy, he still favours financials, industrials, and materials.

Last week for the first time in quite a while, some info tech names showed up on relative strength. See his Top Picks. Signs of a positive shift, especially in the US, towards info tech. Still, given higher rates and the sensitivity in the economy, he still favours financials, industrials, and materials.

Looking at the chart, pretty big runup since the pandemic. Most energy stocks have had a sideways consolidation over the last year or so. Oil likely to move lower and be in a sideways, choppy trading range. Easy money's been made.

Big runup, and then a sideways consolidation. Easy money's been made in energy. Oil likely to move lower and be in a sideways, choppy trading range. For the bulk of this year, and into 2024, energy stocks will go sideways and be relative underperformers. For example, if market's up 10%, energy might be up 8-9%. So they'll be broadly in line with market, but will underperform. They're late-cycle plays, and all his works shows that we're starting a new cycle.

Big runup, and then a sideways consolidation. Easy money's been made in energy. Oil likely to move lower and be in a sideways, choppy trading range. For the bulk of this year, and into 2024, energy stocks will go sideways and be relative underperformers. For example, if market's up 10%, energy might be up 8-9%. So they'll be broadly in line with market, but will underperform. They're late-cycle plays, and all his works shows that we're starting a new cycle.

In line with a lot of areas of the market, starting to see signs of stabilization. Chart shows a double-bottom taking hold. Most stocks saw weakness in December, a strong rally in January, and a pullback through all of February. Doesn't mind adding exposure here. If we break below the double-bottom lows, look to reduce exposure.