The Chart to Watch for a Market Top in July!
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- Опубликовано: 23 июл 2024
- The first quarter of 2024 was an "everything rally" with value and growth stocks alike moving higher. Q2 since the mid-April low for the S&P 500 has been a more narrow advance, with technology thriving and pretty much everything else struggling on a relative basis. Today we'll talk through our sector relative charts, including one chart that has a place of honor on our "Market Top Checklist" available to Market Misbehavior Premium Members!
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Dave helps active investors and financial advisors make more informed investment decisions, inject more discipline into their investment process, and enrich relationships with their clients. Feel better about making better decisions!
Dave is the Chief Market Strategist at StockCharts.com, where he helps investors minimize behavioral biases through technical analysis. He is a frequent host on StockCharts TV, and he relates mindfulness techniques to investor decision making in his blog, The Mindful Investor.
He's also President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research and consulting firm focused on managing risk through market awareness. He combines the strengths of technical analysis, behavioral finance, and data visualization to identify investment opportunities and enrich relationships between advisors and clients.
Dave was previously a Managing Director of Research for Fidelity Investments in Boston, a Past President of the Chartered Market Technician (CMT) Association, and started in the financial industry just after the March 2000 market top at Bloomberg in New York.
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The content in this presentation should not be considered as a recommendation to buy or sell any security. All information is intended for educational purposes only and in no way should be considered as investment advice. Some of the links in this description and in the video may be affiliate links, which means you pay nothing more and it helps me to make Market Misbehavior awesome! As an Amazon Associate, I earn from qualifying purchases. For full disclaimer, please see our website: www.marketmisbehavior.com/dis...
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Thank you! Hope you had a great 4th 🎆 🎇
Great info . Ive been looking for this kind of sector discussion. Well done thanks
Great vid as usual David! Many thanks! 👍
Thank you for the great sector analysis!
I have been watching at least 1-2 of your videos every week and I love your perspective and learn a lot. I think for the rest of the year, gold/silver along with GDX, SLV, etc will be the top performers. What do you think?
Great analysis. Personally, I don't get cute with plays by sectors. Since I was a kid I'd seen too many money managers mia culpa interviews explaining away why their binary choice didn't play out and left them vastly underperformed. Always seemed like a tool in a money managers kit to pretend there was a reason to pay them 2/20. I'll stick with ETFs and tech for the main dish and occasional seasoning like tsla or tlt as the opportunity calls.
I agree we're getting an 8 to 12% correct in early August through October. I'm closing half my VAR end of July
I like the abc looking pattern on xlre daily. It's a good green candle or two away from trending (per adx) on the daily
Thank You Sir
Mr. Keller, it would really help if there were a way to block the scammers trying to lure people away to other social media sites.
RUclips is great at censoring & shadow banning my comments, but they don't seem to have figured out how to deal with actual scam bots 🤦🏻♂️
Awesome sector analysis!
🙋🏼♂️ Question: why is the XLP (consumer staples) showing weakness when Costco, Walmart and Colgate have seen new record highs?
Dave, are these relative strength sector charts provided to StockCharts members in the preset "DK-morning" charts folder(s)?
Namaste!
I'm thinking we hit the short-term top today, especially looking at the NASDAQ close 😮 Today was the day to buy some insurance
gt video. the sectors with spy comparison are exemplry, however, the experts say the juky is strong month and august may be a good mont die to presidential election.......what is your experience say?stay safeband have a nice week end
very valuable information on sector trends. Thank you. Since the mag 7 is such a big contributor to the overall market why don't we separate them out against the entire market when looking at asset allocation modeling. Its all good when riding the rocket ship to the moon only because it helps elevate all other stocks. So the higher they go it just over values the entire market?? Crazy. The only thing to stop this market frenzy F.O.M.O. is for The large stockholders of mag 7; State Street, Blackrock and all other big institutionals owners to start selling. Since Nov 23 that has not happened. Their greed is what will eventually cause the market downturn.
I could not care less about stocks or sectors! My trading system is for trading SPY options only. Right now I am fully invested in high delta SPY calls, and I do not expect a major reversal for at least a year or two.
what about XLF?
David, this is interesting but what you don't say is the following: do defensive sectors move before, at the same time or after the leading growth sectors, like tech, start to decline. The most relevant question to a trader or investor is, if you see the defensive sectors start to move up before tech starts to sell, would you make a profit by selling some or all of your holdings in tech. And how if you gave specifics, like how much would the defensive sectors have to move before you made a trading decision. Without specifics it's just a guess.
SCHD has recently reshuffled its holding in line with your analysis about defensives. Interesting...
Excellent I believe there will be a correction but the problem is it’s an election year and I believe they will decrease interest rates
That bear lurking behind you so sus 🧐
Think you can jam any more commercials in here