US - Market Strategy 02 (Feb 22 - Dec 23)

[behappyalways]

Chartmaster warns there may be nowhere safe to hide
https://m.youtube.com/watch?v=GHcSPdkqjJc

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Merck (MRK)... pharmaceuticals
ExxonMobil (XOM)... oil and gas
Suncor Energy (SU)... oil and gas
NRG Energy (NRG)... utilities

NEW LOWS OF NOTE LAST WEEK

Bank of America (BAC)... financial giant
Alphabet (GOOGL)... tech "World Dominator"
Intel (INTC)... chipmaker
Workday (WDAY)... cloud-based software
NetApp (NTAP)... cloud storage
eBay (EBAY)... online marketplace
Dell Technologies (DELL)... laptops and computers
Best Buy (BBY)... electronics retailer
Walmart (WMT)... "World Dominator" of discount retail
Target (TGT)... big-box retailer
Burlington Stores (BURL)... "bargain" retailer
Disney (DIS)... entertainment
Planet Fitness (PLNT)... low-cost gyms
Trane Technologies (TT)... HVAC manufacturer
Brunswick (BC)... boats
United Rentals (URI)... equipment rentals
Simon Property (SPG)... real estate investment trust

Source: Daily Wealth

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Eli Lilly (LLY)... pharmaceuticals
H&R Block (HRB)... tax-prep company
Grocery Outlet (GO)... discount grocer
Pilgrim's Pride (PPC)... poultry
Chevron (CVX)... oil and gas
Suncor Energy (SU)... oil and gas
ConocoPhillips (COP)... oil and gas
Schlumberger (SLB)... oil and gas
Devon Energy (DVN)... oil and gas

NEW LOWS OF NOTE LAST WEEK

eBay (EBAY)... online marketplace
Etsy (ETSY)... online marketplace
Workday (WDAY)... cloud-based software
Medtronic (MDT)... medical technology
Disney (DIS)... entertainment
Hanesbrands (HBI)... apparel
Carter's (CRI)... children's apparel
Eaton (ETN)... power management
James Hardie Industries (JHX)... home siding

Source: Daily Wealth

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

W.R. Berkley (WRB)... insurance
H&R Block (HRB)... tax-prep company
Aspen Technology (AZPN)... industrial software
Amcor (AMCR)... packaging products
Pilgrim's Pride (PPC)... poultry
Chemours (CC)... chemicals
Sasol (SSL)... chemicals
ExxonMobil (XOM)... oil and gas
Suncor Energy (SU)... oil and gas
ConocoPhillips (COP)... oil and gas
Marathon Petroleum (MPC)... oil and gas
Devon Energy (DVN)... oil and gas
Phillips 66 (PSX)... oil and gas
Enterprise Products Partners (EPD)... oil and gas
Black Stone Minerals (BSM)... oil and gas
Cenovus Energy (CVE)... oil and gas

NEW LOWS OF NOTE LAST WEEK

Medtronic (MDT)... medical technology
Progyny (PGNY)... fertility benefits management
Carvana (CVNA)... online used-car retailer
James Hardie Industries (JHX)... home siding
Hudson Pacific Properties (HPP)... real estate investment trust

Source: Daily Wealth

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

ExxonMobil (XOM)... oil and gas
Suncor Energy (SU)... oil and gas
ConocoPhillips (COP)... oil and gas
Devon Energy (DVN)... oil and gas
Continental Resources (CLR)... oil and gas
Viper Energy Partners (VNOM)... oil and gas
Black Stone Minerals (BSM)... oil and gas

NEW LOWS OF NOTE LAST WEEK

Intel (INTC)... chipmaker
Zendesk (ZEN)... customer-service software
Enstar (ESGR)... property and casualty insurance
Progyny (PGNY)... fertility benefits management
Carvana (CVNA)... online used cars
Peloton Interactive (PTON)... e-fitness fad
CBRE Group (CBRE)... REIT services
James Hardie Industries (JHX)... home siding

Source: Daily Wealth

[behappyalways]

One Bank Spots More Bad News: Buyback Blackout Begins Today
https://www.zerohedge.com/markets/one-b ... ns-tuesday

[behappyalways]

(yes, the SNB files its stock holdings like any other hedge fund), it owns some $177 billion in US stock (and hundreds of billions in other securities), which it may now proceed to sell to keep the Swiss Franc stronger.


In Shock Decision, SNB Hikes Rates For First Time In 15 Years, Warns It May Sell Billions In Stocks
https://www.zerohedge.com/markets/shock ... ons-stocks

[winston]

The Technical Outlook: The S&P 500 Should Hit 3,400 Soon

Anyone who denies the S&P 500 is in a full reversal either doesn’t understand technical analysts or is lying to themselves and others.

The S&P 500 confirmed its reversal in the early week of June and is now on track to hit the 3,400 level.

The post-FOMC meeting sell-off is a continuation of a near-term downdraft and that should shave 350 points off of the index.

This puts the index down at another key support level that, if broken, opens the door and ushers the bears down toward the 2,800 level.

If the 2nd quarter results are better than expected and/or come with brightening guidance we see a bottom at 3,400.

If not, this market will erase all of the COVID bump and maybe a bit more.

Source: Market Beat

[behappyalways]

Recession Fears Spark Oil & Gas Exodus, Energy Exploration Stocks Enter Bear Market
https://www.zerohedge.com/energy/recess ... ear-market

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Grocery Outlet (GO)... discount grocer

NEW LOWS OF NOTE LAST WEEK

JPMorgan Chase (JPM)... financial giant
Bank of America (BAC)... financial giant
Meta Platforms (META)... social media giant
Disney (DIS)... entertainment giant
Intel (INTC)... chipmaker
Texas Instruments (TXN)... chipmaker
Workday (WDAY)... cloud-based software
DocuSign (DOCU)... Software as a Service
Splunk (SPLK)... cybersecurity
PayPal (PYPL)... mobile payments
Best Buy (BBY)... electronics retailer
Target (TGT)... big-box retailer
Clorox (CLX)... cleaning supplies
Home Depot (HD)... home-improvement retailer
NVR (NVR)... homebuilder
Hilton Worldwide (HLT)... hotels
CBRE Group (CBRE)... REIT services
General Motors (GM)... automaker
3M (MMM)... manufacturing

Source: Daily Wealth