Public ChartLists

Market assessment 20200920:

The "market" was down last week but these were strengthening and that is long term bullish.

Materials ETFs rising as the bull market matures and the economy continues recovery:
SLX steel +4.9%
REMX rare earths +5.5%
BNO oil +7.5%
KOL coal +6.3% (yes, coal)

Still some growth area ETFs outperforming (Catherine Wood at ARK Funds is a great stock picker):
ARKG biotech +10.4%
ARKK innovation +5.3%
ARKW info tech +3.1%

Look beyond the recent areas of strength. It is a market for stock pickers.

Perhaps the drop is not done but the rotation/consolidation is bullish. Looks like June to me.

Also look at precious metals: PALL, GLD, SLV.

Chart comments:
101 Buy-and-Holders: Fed has your back
102 Investors: healthy pullback may not be done
103 Swing Traders: buy the dip
104/105 Active Traders: showing current weakness
106 Aggressive?: XLI, XLF, IWM stronger = bullish
107 Defensive?: all strong for now
108 Top?: dropped as expected
109 Bottom?: not applicable for now
110 Intermarket: now at inflection points but expecting rebound
111-113: Sector strength: indus. and matls took off, financials, health care, energy bottoming?
114 Cap size & growth/value: small growth
115 Factors: --> rotation showing all over here
116 US Dollar: down continuing
117: Asset Rotation: Stocks 0, Bonds 3, Real Estate 2, Gold 2
400-405: Various factor ETFs side by side, and relative strength (RS) versions as well
501-508: Simple ETF approach: ARKW, TLT, XLRE, PSLV (yes, ARKW is best of breed for stocks)
6xx charts for my son (if present)

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Stock selection: Chart 118

Recommend "Trading in the Zone" by Mark Douglas about the mental game.

Note: The profile says PRO but I am an engineer. Updates on weekends.

Finally: "It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman

All information is strictly for education.