Relative Strength Analysis and Changing Market Leadership

The current bull market, which started in March 2020, is beginning another leg up, but the market leadership has changed slightly. The discretionary sectors are now doing better than the defensive sectors. Small caps and transports are getting to the market leadership position. It behooves to change the portfolio mix, and it is time to get overweight on the leading sectors and underweight on the lagging sectors.

Morning Notes – Wednesday, November 3, 2021

Directional Bias For The Day: S&P Futures are a bit lower at 7:30 AM; moving sideways to down since 11:00 AM on Tuesday The odds are for a sideways day until the FOMC statement at 2:00 PM; elevated volatility afterward – watch for a break above 4627.00 and a break below 4615.25 for clarity Key…

Morning Notes – Tuesday, November 2, 2021

Directional Bias For The Day: S&P Futures are a bit higher at 8:30 AM; The odds are for an up day – watch for a break below 4598.00 for clarity Key economic data report due during the day: Day one of a two-day FOMC meeting Directional Bias Before Open: Weekly: Uptrend Daily: Uptrend Resumed 120-Min:…

November 2021 – Market At a Glance

Seasonally, November begins a better period for the equity market. There is a strong possibility that it could live up to its reputation this year, and we may see a healthy year-end rally in the stocks.

The Technical Analysis informs us that major U.S. equity indices are on the verge of breaking above their previous highs. Some are coming out of bullish chart patterns and can rise by 5-10% over the next few months. Weekly new highs are trending higher, and the Advance/Decline lines are improving too.

Morning Notes – Monday, November 1, 2021

Directional Bias For The Day: S&P Futures are higher at 8:30 AM; The odds are for an up day with a good chance of sideways to a down move from pre-open levels around 4610.00 – watch for a break above 4619.25 and a break below 4602.00 for clarity Key economic data report due during the…