Selling Pressure Broadens

Selling pressure broadened out today as shown by the bullish percents.
 

The number of new 52-week lows is elevated again. These are levels that require caution.

Another important Industry group fell off the leader list. Defense stocks, along with the rest of the Industrials, are now pointing lower.


Higher rates are starting to push the US Dollar higher.
 

 

Outlook Summary:

The long-term outlook is cautious.
The medium-term trend is down.
The short-term trend is down.

The medium-term trend for bond prices is down.

Investing Themes:

Medical Products
Energy
Cyber Security
Payment Processors

Strategy:

Buy large cap stocks and ETFs on pullbacks of the medium-term trend.

Buy small cap growth stocks on break outs to new highs during short-term up trends.

Stop buying when the short-term trend is at the top of the range.

Take partial profits when the uptrend starts to struggle at the highs.

Never invest based on personal politics.


 

Disclaimer: I am not a registered investment advisor. My comments above reflect my view of the market, and what I am doing with my accounts. The analysis is not a ...

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