π The Breakouts Are On
π Daily ETF Overview
The recovery in the equity market has been nothing short of phenomenal, with the broad indices going from trading at lows to their all time highs in the space of weeks.
This same remarkable recovery can be seen across the sector level, most notably in the technology sector.
Equal Weight Technology $RSPT is now trading at all time highs; by its nature this isn't lopsided by a few mega-cap behemoths but represents the sector more generally.
This is far from bearish.
We may be seeing the beginning stages of leadership changing in the ETF world; from growth, to cyclicals, to 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 driving the moves underneath them.
And earnings season is when we find out exactly which names the market wants to reward.
On Monday, April 20th, Steve Strazza is hosting a time sensitive investor briefing where he'll break down the one signal his team uses to identify which stocks are about to make their biggest moves on earnings, and how to get in position before they happen.
As a bonus for signing up, you'll get a free copy of the latest Beat Quarterly, where we score every S&P 500 earnings report to show you where leadership is quietly rotating.
