π That 650 Level
π Daily ETF Overview
As we look to our U.S. index table, the conversation centers solely around this major 650 level in the S&P 500.
If the S&P is below this level, there is strong evidence to suggest it's completing a major top; but any strength above it could suggest that the worse of this recent selling could be behind us.
We're closely monitoring to see how buyers defend this level. Here's what else we're watching.
π Large Cap Growth $IWF has been at the bottom of our leadership table for the entirety of Q1.
π Micro Caps $IWC and Small Caps $IWM are still showing promising setups, holding above their 2021 highs.
We may be seeing the beginning stages of leadership changing in the ETF world - from growth, cyclicals, and international outperformance. But it's not just going to be these ETFs that see the biggest gains.
It's going to be the individual stocks and commodities. After all, that's what's driving the gains from these ETFs.
Jason Perz and Sam Gatlin have just released their new Supercycle Report which is designed to profit the most from this emerging long-term trend.
They're running a discount on their service and it expires in a few days.
If you want to see how to best position yourself for this upcoming Supercycle, they do an excellent job.
