Small caps are taking the lead again, consumer discretionary, finance and energy names are the strongest. These are all healthy signs. Interestingly nuclear names (
NNE,
SMR,
NUCL) are showing high relative strength. China names might also start working again next week after a nice consolidation for ~2 months. Over a third of my passive account is invested in energy/commodity ETFs which have been doing well, especially
EXXY due to $GLD. There are also lots of good setups and my market timing model has been significantly improving in the last few days. I'm quite bullish, until the market proves me otherwise.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.