Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Stocks

Some Bull Market Sectors Are Forming

by November 25, 2022
November 25, 2022
Some Bull Market Sectors Are Forming

As the market changes from bear to bull, there should be a market rotation away from defensives. While defensives and financials are still performing well, Industrials are also leading the way. It might not have the charm of something the younger generation has been yelling about, but I just heard that Warren Buffet and Charlie Munger were buying Celanese shares in chunks. This chart is not the shape for technicians, but it is the shape for value buyers starting to push the price up.

So what chart shapes do technicians like? One entry style I like is breakouts above trend lines, or stocks making new 3-month, 6-month or 1-year highs. I created a scan to find stocks that made a new high anytime this month (November 2022) and there were 312. That is very positive considering how the market indexes are well below the highs.

An example of a nice chart for me is CN Rail in a strong sector.

Some reasons I like the chart are the SCTR is breaking above 75. The purple area shows the stock outperforming the S&P 500. The stock is trying to break out to new six-month highs. One for the watch list.

As the market changes complexion, it can be really profitable to find new market leaders. I will be hosting an information session on Tuesday, November 29th about the work we do at Osprey Strategic and how we approach the market. Live attendees will have an opportunity to win a ‘StockCharts for Dummies’ book!

As well, any new clients are welcome to join in and listen to the monthly client conference call on Wednesday November 30th at 5 PM ET. We’ll share some of the stock ideas we like and why the market is so mixed. We like to make money when the backdrop is positive and we’ll talk about how we do that on Tuesday.

0
FacebookTwitterGoogle +Pinterest
previous post
30-Year-Old Crypto Firm Co-Founder Dies Suddenly in His Sleep
next post
Dr. Fauci at Deposition Insists Misinformation and Disinformation Should Not Be Tolerated Unless It Comes from Him

You may also like

Out of 104, Only Two Industry Groups Show...

September 2, 2022

Top Ten Charts for August: Two Key Defensive...

August 21, 2024

The Wisdom of Jesse Livermore, Part 4

May 10, 2023

NASDAQ NOSEDIVES, Down Over 2% At The Close!

October 25, 2023

Get Ready for the Consumer Price Index!

March 13, 2023

Mish’s Daily: Lithium — The Electrification of Transportation

November 9, 2022

Bonds, Secular Bear Market, and the Impact on...

August 29, 2023

The Great Rotation of 2023 Continues: Latest Updates...

August 12, 2023

Week Ahead: While Nifty Consolidates, Keep Head Above...

October 12, 2024

The Fed Is The New Waffle House

December 22, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Why AI and green tech are vital to SME growth in 2025

      June 10, 2025
    • Yes, it’s great to get PR coverage – until it’s locked behind a bloody paywall

      June 10, 2025
    • We have to act now to keep AI from becoming a far-left Trojan Horse

      June 10, 2025
    • SME lending delays slashed by 80% thanks to fintech-driven back-office reform

      June 10, 2025
    • UK defence innovation strategy opens new doors for SMEs in AI and autonomous tech

      June 10, 2025
    • Shark Tank study shows charming narcissists get funding

      June 10, 2025

    Categories

    • Business (8,172)
    • Investing (2,021)
    • Politics (15,580)
    • Stocks (3,138)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved