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

Future Retirement Success

Stocks

Don’t Ignore This Unusual Event on the Market’s March to New Highs

by January 20, 2024
January 20, 2024
Don’t Ignore This Unusual Event on the Market’s March to New Highs

The S&P 500 gained 1.1% last week in a move that puts this Index at a record high. While this is exciting news for investors, those that owned some of last week’s top performers are in even better spirits, as the average gain for the top ten movers in this Index was 10.3%. Even more unusual was that almost three quarters of these names were from the same industry group.

The industry group I’m referring to is Semiconductors, which posted outsized gains after a positive earnings report from the world’s largest chip manufacturer, Taiwan Semiconductor (TSM), sparked a rally in these stocks. Prior to that, a bullish report for Advanced Micro (AMD)’s outlook put this stock on its path to posting almost 20% for the week. Subscribers to my MEM Edge Report will be familiar with this stock, as we highlighted AMD as a strong buy on Sunday and then again on Wednesday.

Daily Chart of iShares Semiconductor ETF (SOXX)

Software stocks also outperformed last week, with the names from this area that are on our Suggested Holdings List posting gains that keep them in confirmed uptrends; they’re poised to trade higher from here. If you’d like immediate access to this List, use this link here for a 4-week trial of my twice weekly report. In addition to recommending leadership stocks that often go on to outperform the broader markets, this report keeps you tuned into sector rotation, interest rate outlooks, and other big picture concepts that keep you on top of what’s moving the markets and, more importantly, what to look out for.

This Sunday’s MEM Edge Report will review additional events taking place in the markets that are unusual. Among them, Growth stocks are advancing, despite interest rates remaining relatively elevated, and while the S&P 500 is now at new highs, the Equal-Weighted S&P 500 has been languishing. Use the link above for insights into these and other counterintuitive activities shaping today’s market.

Warmly,

Mary Ellen McGonagle

MEM Investment Research

0
FacebookTwitterGoogle +Pinterest
previous post
Kirby says Yemen’s Houthis ‘still have some offensive capability’ despite waves of US strikes
next post
Three Behavioral Biases You’re Probably Struggling With Right Now

You may also like

Now That “Stagflation” Has Gone Mainstream

April 28, 2023

Tech and Staples Leading Choppy S&P

March 27, 2023

When Facing a Market Pullback, RUN THESE SCANS!

September 11, 2023

5 Strong Stocks Defying the Bearish Market!

March 12, 2025

Week Ahead: These Factors Stay A Cause Of...

December 4, 2022

Is This Stock Setting Up As THE Trade...

January 2, 2023

Top 10 Charts to Watch for February 2025

February 7, 2025

CrowdStrike Shows Strength and Leadership with Breakout

August 1, 2023

1-2-3 Change in Trend Setup

September 21, 2023

How to Use ADX to Find Tops

June 8, 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 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
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • 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