Quick Note: We will be traveling next weekend, so we will be sending out an abbreviated edition of our weekend report next week on Friday morning (or early Friday afternoon). Thank you.
Table of Contents:
1) The Balance of Market Risks is Shifting Negatively Despite Continued Earnings Strength
2) Why Jensen Huang’s Departure Could Disrupt Nvidia’s Far-Reaching Influence Over the AI Ecosystem
3) Increasing Hawkish Fed Policy Could Create Another Major Headwind for Stocks.
4) Market Rotation: A Potential Warning Rather Than a Reason for Complacency
5) Consumer Staples: Two Defensive Stocks That Could Pay Investors to Wait
6) Key Technical Level Suggest the Major Averages Remain Vulnerable to Another Decline
7) Critical Support Levels for the SOX, Mag 7…as well as GOOGL & ORCL Could Determine Tech’s Next Move
8) Why Investors Shouldn’t Rely on Recession Forecasts or Earnings Estimates to Identify the Next Bear Market
9) Potpourri….We’re Still Keeping a Close Eye on the USDJPY
10) Summary of our Current Stance