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

Future Retirement Success

Stocks

Cyclicals Continue To Help Broaden The Markets Out Beyond Tech

by June 13, 2023
June 13, 2023
Cyclicals Continue To Help Broaden The Markets Out Beyond Tech

The S&P 500 Equal Weighted Index is continuing to advance higher led today by gains in Aluminum, Steel, Industrials and Consumer Cyclicals. This is great news for the possibility of a continuation rally as broader participation beyond mega-cap FAANMG and select Technology names will help keep the current uptrend in the markets in place. The S&P 500 Index is also flashing a bullish bias with today’s move taking it more decisively above the 4300 level which had been marked as a key longer-term area of possible upside resistance.

DAILY CHART OF EQUAL WEIGHTED S&P 500 INDEX

Investors can look at turnaround candidates such as Steel Dynamics (STLD) and Deere (DE) which are reversing downtrends today as they move above their 50-day moving averages with their MACD’s just entering positive territory on their daily charts. Select areas of Technology are continuing to rally as well, as interest in AI related companies remains strong. Investors can use the link below to trial my twice weekly MEM Edge Report for a list of top stock candidates that are poised to trade higher as well as sector rotation insights.

While the markets are behaving in a bullish manner, investors must be aware of Wednesday’s FOMC meeting with particular attention to Fed Chair Powell’s comments regarding interest rate policy going forward. Any hints of future rate hikes may have investor’s hitting the pause button.

For those with any questions including information about my other work, please email me at maryellen@thememgroup

Warm Regards,

Mary Ellen McGonagle, MEM Edge Report trial link

0
FacebookTwitterGoogle +Pinterest
previous post
Sector Spotlight: Remarkably Strong Sector Rotation Out of Defense
next post
Missed the AI Frenzy? Try This Promising Opportunity

You may also like

Demystifying Tariff Impact: Essential Insights for Every Investor

April 5, 2025

Finding the Leaders with ATR Momentum

May 19, 2023

Not Much Good Takes Place When This Happens

August 6, 2024

Powerful 2-Timeframe Setup

June 30, 2023

Building A Portfolio To CRUSH The S&P 500!

November 16, 2022

The Halftime Show: Don’t Box the Invisible Man...

February 21, 2024

Week Ahead: NIFTY Needs To Move Past This...

December 10, 2022

July Ends With a Bang as Rotation into...

July 30, 2022

Portfolio Tracking Made Easy with Automatic Alerts &...

October 29, 2022

Exceptionally Bearish Breadth

September 23, 2022

    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’s Debanking Order Calls for Investigation, Something Tennessee Should Have Done

      August 9, 2025
    • MIKE DAVIS: Eric Tung is Trump’s pick to bring sanity to the Ninth Circuit

      August 9, 2025
    • How Europe’s car industry can survive the Chinese EV challenge

      August 9, 2025
    • Hiring Software & JavaScript Developers: Skills, Costs, and Best Practices

      August 9, 2025
    • Rakhi Butani on Skincare, Cooking, and the Power of Balance

      August 9, 2025
    • Jeremy Clarkson warns of ‘catastrophic’ UK harvest as farmers battle extreme weather and rising costs

      August 9, 2025

    Categories

    • Business (8,728)
    • Investing (2,191)
    • Politics (16,345)
    • 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