We may see a year end rally, however it may come in split fashion.
Indexes are diverging, and after a period of outperformance, former leading growth stocks are smashed, many of them are in their own bear market. Biotechs, semiconductors and the software sector continue to slump.
Although the S&P 500 lost about 1% on Monday, it is still trading near record highs, its Advance-Decline-Line is reblunding which is a good sign.
Our risk model is still RED - HIGH RISK!
We have four open positions in our model portfolio which is slightly positive on average but we do not yet see real traction. Swing traders should only take smaller pilot buys to test the water.
Here is the link to our updated watchlist for the US market. All stocks on our watchlist have been selected applying Minervini's SEPA criteria and Trend Template:
de.tradingview.com/watchlists/67049859/
Indexes are diverging, and after a period of outperformance, former leading growth stocks are smashed, many of them are in their own bear market. Biotechs, semiconductors and the software sector continue to slump.
Although the S&P 500 lost about 1% on Monday, it is still trading near record highs, its Advance-Decline-Line is reblunding which is a good sign.
Our risk model is still RED - HIGH RISK!
We have four open positions in our model portfolio which is slightly positive on average but we do not yet see real traction. Swing traders should only take smaller pilot buys to test the water.
Here is the link to our updated watchlist for the US market. All stocks on our watchlist have been selected applying Minervini's SEPA criteria and Trend Template:
de.tradingview.com/watchlists/67049859/
Combing the BEST of two WORLD's: Cathie Wood & Mark Minervini
