First time on X, I’m back and confused! ig down and got logged out from fb, anyone got the same problem?
It’s retailer earnings season, with Walmart, Macy’s, Home Depot, Target, TJX, and Lowe’s all reporting. Plus, housing-market data, FOMC minutes, and May PMIs.
on.barrons.com/2RYkU7k
No stops hit last week (but a few in tech were close). Closed out half of a cyclical for +62%. Made one new buy Thurs AM after Weds selloff. A few posts from below for BCD Members on Thursday near the lows & Fri pre-mkt. to look for an oversold reversal.
bluechipdaily.com
The rotation out of growth into other sectors isn't a new idea & is something that I've been dialed into/discussing here since last year. I'm focused on holding uptrends, avoiding downtrends, managing my risk & getting in-line w/ the market - not getting locked into a style box.
There are always trading opportunities & ways to capitalize on volatility. I'm not negative on tech, it's recently oversold & could easily resume leadership, but I'm equal weight tech at best & holding more sectors here than I have in awhile. I want to stick w/ what's working.
Looking at the YTD sectors & charts, the mkt has still moved on from more speculative, higher valuation stocks to more established, lower valuation stocks. Energy, financials, retail, home builders, healthcare copper, steel, materials, industrials are all still working.
Semis leading again with $SMH +3% day so far - holding most of the gains into the close is important. A nice early tell from yesterday and a few other technical signals discussed on the Members page yesterday & this AM pre-market. teapaw.org/LMT978/status/13929267…
Good to see high beta semis, tech, homebuilders and steel leading $SPX on the day so far.
My new post for
@MarketWatch
, discussing the Healthcare sector: $ABBV $GSK $PFE $HCA $LH $XLV marketwatch.com/story/rather…

















