Why This Rally Is The Real Deal

By John Kosar, CMT of Asbury Research

Chief Market Strategist, Asbury Research LLC • Feb 7, 2023 at 5:45 PM EST

The S&P 500 is in the midst of a major bullish trend change. That trend will remain valid above the 3950 area.

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John Kosar of Asbury Research presents his 5 most important charts, data series, and Asbury Research quantitative models. They are those that will have the most influence for the stock market over the next several weeks and potentially into 2Q 2023. First off, the S&P 500 is in the midst of a major bullish trend change. That trend will remain valid above the 3950 area. Let’s follow the money.

Video Length: 00:13:31

0:00 Intro

0:49 S&P 500 Emerging Major Bullish Trend Change (SPX)

2:36 Market Internals – Asbury 6 is Positive

6:07 Semiconductors: Market Leader Targets Big Advance (SOX)

8:02 Investor Sentiment – S&P 500 (SPX) Investors Intelligence Bulls – Bears

9:39 Market Sectors – SEAF Model Favors Tech and Consumer Discretionary

More By This Author:

US Stock Market At A Tactical Decision Point
The 3 Keys To A Year-End Rally
Get Ready For A Great Buying Opportunity

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