How the hidden signs of selling into strength could shake the S&P 500 [Video]
|Watch the free-preview video below extracted from the WLGC session before the market opens on 17 Jul 2024 to find out the following:
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The simplest way to spot a market rotation.
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The analogues to adopt to anticipate the market correction.
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Why the change of character bar on last Thursday signals a shift in the market?
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And a lot more.
Market environment
The bullish vs. bearish setup is 661 to 25 from the screenshot of my stock screener below.
There is a clear rotation from Nasdaq 100 and the S&P 500 into the Russell 2000 (& the Dow Jones) since 11 Jul 2024 (Thursday).
This is further confirmed by the significant improvement in both the number of the bullish setups and market breadth.
A pullback or consolidation could provide a great opportunity for re-accumulation. Now again is the best time to identify the next batch of leaders (like KRE)
Three stocks ready to soar
5 “low-hanging fruits” trade entries setups KD, TME + 19 actionable setups JPM were discussed during the live session before the market open (BMO).
KD
TME
JPM
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