After a massive move in the Nasdaq including semiconductors and software, will it start to pull up other sectors? This was recorded before Nvidia launched a massive move Thursday and Friday.
https://www.youtube.com/watch?v=Fe8mB7bBoL0
Regards,
Greg Schnell, CMT, MFTA
The market has had a strong start to 2023 and numerous indicators have broken out above bear market levels. Greg walks through some of those charts that he shares with clients. The PLUMB system created by Osprey Strategic has been working really well to protect clients capital and Greg shared an update on the system. The prime industry group this week was semiconductors and the commentary this week covers off why there might be opportunity brewing there.
Greg rolls through the consumer discretionary sector and explains why the equal weight chart is a lot more informative than the market cap weighted chart at this time. One of the areas starting to improve is retail. Looking through different presentation styles and sort orders, we can see some nice opportunities setting up.
A broad market review about the rate of change in the Federal Reserve interest rate hikes and how it appears to be affecting the broader economy. Part 2 is specifically focused on industry, looking through industrial demand, and a brief look at currencies.
