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

Stash that Flash Right in the Trash

February 14, 2025

The Hoax of Modern Finance – Part 2:...

December 9, 2023

About That Liquidity Crisis – How Healthcare Could...

March 12, 2023

Will This Massive Reverse Head & Shoulders Bottom...

April 16, 2023

Is Gold Headed for New, All-Time Highs?

July 27, 2023

Market Pullback? Follow These Charts!

February 15, 2024

Simple Approach to Transform Your Trading

March 6, 2025

Market Trend Model Turns Bearish

March 18, 2023

Will Shutterstock Buck the Bear Trend?

February 8, 2023

Top Ten Hidden Features of StockCharts, Features 6-10

November 10, 2023

    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

    • Trump ally stands firm against ‘big, beautiful bill’ despite pressure: ‘It’ll completely backfire’

      June 8, 2025
    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,571)
    • Stocks (3,136)
    • 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