Major Defensive Posturing Last Week

The Euphoria is Running Out of Steam

The worst performing sectors last week were the sectors associated with the Mag 7 stocks, which have led the recent melt-up in equity markets. This is a sign that the market rally might be losing steam as the leaders of the rally take a break.

Defensive Posturing Over the Past Two Weeks

The companies associated with the end of an economic expansion cycle or the beginning of a contractionary cycle have been showing signs of strength over the past two weeks. This shows that the rally is either broadening out to other areas of the market besides big tech, or investors are taking a defensive stance in anticipation of a correction.

Based on the markets' defensive posturing, do you think the rally is broadening out, or is there an inpending correction incoming?

$SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$ $SPDR Dow Jones Industrial Average Trust (DIA.US)$ $Apple (AAPL.US)$ $Alphabet-C (GOOG.US)$ $Tesla (TSLA.US)$ $NVIDIA (NVDA.US)$ $Meta Platforms (META.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

167K Views

Comment

Ultratech : would bet they go back up

Report
Reply

Cancel Reply
SpyderCall OP Ultratech : went back up in a big way today thanks to NVDA. The tide that rises all boats.

Report
Reply

Cancel Reply
MonkeyGee : I can feel the slow down

Report
Reply

Cancel Reply
103492747 : learn newbie

Report
Reply

Cancel Reply

SpyderCall

Trade the trends via technical, fundamental, and macro analysis. Day Trades, swing trades, and long-term investments.

20K

Followers

2992

Following

34K

Visitors