S&P And Tech Hanging In The Balance

The S&P 500 and tech sector reach a critical juncture as bearish indicators mount amid AI volatility.

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Market Outlook:

It’s not a surprise … the markets are in precarious shape with AI and the imminent mid-terms causing wobbles. Energy has helped the indices, but if tech breaks down, then the dam will also break.

With that said, I do have some very interesting looking bullish setups this week.

As per the last two weeks, I’ll be sticking with post-earnings setups. They’ve already served us well. However, with our fantastic earnings calendar app, we can sit in wait for stocks reporting at the open.

Our market commentary continues to be outstanding. Mastering market timing enables you to swim WITH the tide at the right time.

Watch the video for more detail.

Market Timers:

  • Longer Term Market Timer (OVIsi):
    Half green.

  • Medium Term Swing Timer:
    Bearish.

  • The Main Indices OVIs:
    All red apart from the DIA which is neutral.

Stock Selection:

Some great pickups last week including META and FLEX (bearish), and CBOE (bullish).

This week I’m focused again on post-earnings setups.

STOCKS IN THIS ARTICLE

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