Barometer Readings, Market Updates
as they happen
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ETF Relative Strength new highs list again loaded with #smallcap and #midcapstocks. Also #materials, #dividend growth...stay focused on persistent strength and be wary of short squeeze FOMO. $SDVY $DES $FXR
Good to see US banks re-accelerating - another big base structure that could support a significant re-rating higher in the next cycle.
Another asset that should benefit in a reflationary world. $KBE #banks #financialservices #followtheleaders
Wow...what a chase today.
People go back to what worked in the last cycle pretty quickly when the FOMO kicks in. Let's see how sticky unprofitable tech is once the short covering is complete. Some backing and filling would be healthy.
Setups are better elsewhere...e.g.
$ITB
