Market Outlook, Recent Winners & Focus List
Indecis making new highs, participation began to broaden and net highs prevail. It is hard to be bearish right now.
In the below GMMA chart we can see the faster EMAs (red trend lines) have really started to take off and getting some “space” between them and the slower moving averages (blue lines).
We have had 3 days of Net Highs. If this continues, we need to see 200, 300, 400+ new highs day after day. This will confirm a “bull market” in my opinion.
If we look at the top 20 Sectors filtered by 1 month Performance, we see Semiconductors leading the pact. Once more Institutions began deploying capital, expect Per Month Performance to be 15%+ for top 20 leading sectors. However, this is the “environment” change we were looking for.
IWM finally started to breakout. Take a look on the GMMA hart below. Those faster EMAs are pointing vertical. That’s POWER.
Recent Winners to Study
Focus List 6/7/2023
Alerts Set for Close & HOD. To learn more about this edge, read this!
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The coaching sessions? Are the interactive? 1-1 with you? Zoom ? Could we go over my focus list of charts and discuss?