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

Future Retirement Success

Stocks

Some New Charts Suggest This Leg Continues

by June 2, 2023
June 2, 2023
Some New  Charts Suggest This Leg Continues

Investor interest seemed to be restricted to semiconductors and software. This week, it appears to be widening out into new areas for a move higher. It’s been a long time since anyone loved the ARK series of funds, but the ARKK has an SCTR above 75, suggesting a strong move has started and is behaving better than most of the ETF’s out there.

Joe Terranova is a pretty smart investor. He has traded with one of the brightest minds in the commodities business, Mark Fisher. JOET is the ticker of the Terranova momentum fund. He has struggled to grasp the gains in the narrow advance as well, but this week the chart is starting to turn up. Looks great. SCTR moving back above 50, the price is breaking a big downtrend and the PPO looks to be headed into positive territory.

Another ticker I like to keep an eye on is the IBD 50 ETF (FFTY). It has struggled as it is a growth and momentum fund. The daily chart is perking up and you can see the SCTR moving higher as well.

The weekly chart shows how it can be a solid performer, or a solid under-performer. I like the SCTR turning up after making an 18-month base. Price is trying to break out from a sideways consolidation since the beginning of the year. The weekly Full sto was stuck in the lower half, and has now flipped back to the upper half. Price will close above the 40 WMA for the first time in a long time.

I’ve been waiting for some broadening out. Nice to see a meaningful change in these charts.

I covered some of this on the Monthly conference call on June 1, and members are listening to the recording today. I’ll have a lot more in the weekend newsletter. If you would like to try a subscription to Osprey Strategic, it is only $7 for the first month and let’s you catch all of the recent postings.

0
FacebookTwitterGoogle +Pinterest
previous post
The benefits of working with a mortgage broker for bad credit applicants
next post
The Rights We Give Up under “Marsy’s Law”

You may also like

Despite Stable Markets, Breadth Says Danger

April 9, 2024

Navigate the Stock Market with Confidence

June 16, 2025

How To Invest in Value Stocks: A Turn...

January 12, 2023

Using MACD to Pinpoint Reversals

December 15, 2022

Analyzing Alphabet’s Surge — Here’s How to Get...

April 26, 2024

AMD at a Crossroads: Buy Now or Brace...

May 2, 2024

Stay Ahead of the Markets with AUTOMATED Portfolio...

April 13, 2024

Will QQQ Retest All-Time Highs By End of...

March 21, 2025

The Best Five Sectors, #4

January 25, 2025

Big Rally Ahead Should Yield All-Time High on...

June 6, 2025

    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

    • Michelle Obama portraitist’s exhibit with trans Statue of Liberty pulled after pressure from Vance

      July 25, 2025
    • Can the White House Denaturalize Domestic Opponents?

      July 25, 2025
    • An Updated Interview with George Selgin on Free Banking and Bitcoin

      July 25, 2025
    • Pentagon freezes out DC think tanks in new move, citing ‘America last’ concerns

      July 25, 2025
    • Pelosi confident about Dems’ chances to win House, predicts Jeffries will be speaker

      July 25, 2025
    • House Freedom Caucus conservative to enter race for South Carolina governor

      July 25, 2025

    Categories

    • Business (8,576)
    • Investing (2,151)
    • Politics (16,201)
    • Stocks (3,228)
    • 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