Leader Led. Laggards Fell. Is Momentum The Tell?
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November 15, 2023
Weekly Market Outlook
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Due to travel schedules, this week’s Market Outlook will be exclusively the Big View bullets and the “one thing.”
The “one thing” is an exercise I practice in our weekly members-only mentoring sessions, which involves answering the question, “If you could only focus on one thing in the coming day (or in this case – week) to keep you on the right side of the market, what would it be?”
Then make sure you don’t lose sight of your one thing since you’ve deemed it as important!
The market has a pretty clear message in the Sector Summary this week. I’ve highlighted it in the image below.
This table is ordered by 6-month change. As you can see, the top performing sectors last week (5 days) were all at the top of the table which is where the 6-month leaders and, not surprisingly, the YTD leaders are found.
As you can see by the boxes drawn on the table…
Leaders continued to lead.
The sectors at the bottom of the table were the worst performers, with the exception of the XLP, which eked out a small gain.
The laggards fell.
“Following the leaders” is a time-tested approach to being in the right place at the right time in your investments.
The market’s price action and news flow can be confusing and intimidating, but investing in this environment doesn’t have to be. If you would like personal guidance and hands-on management of your assets with the assistance of tactical, risk-managed, strategies, please contact me at [email protected] or Keith at [email protected].
The post Leader Led. Laggards Fell. Is Momentum The Tell? appeared first on Southern Boating.
Source: https://southernboating.com/marketgauge/is-momentum-the-tell
