Major Market Turning Point Ahead.
Figuring Out Money Figuring Out Money
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 Published On Jun 17, 2024

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In this episode of "Figuring Out Money," we delve deep into the current state of the stock market, highlighting significant divergences and opportunities that could signal a major turning point ahead. As the S&P 500 hits all-time highs, the market is gripped by fear, creating a fertile ground for strategic investments.

We'll start by examining the Fear and Greed Index from CNN, focusing on the extreme fear indicators and their implications for market breadth. The McClellan Volume Summation Index and the Nasdaq Summation Index will provide insights into the weakening internals of the market, despite its upward trajectory.

Key topics include:
- Analysis of cumulative high lows on the NYSE and their impact on market direction.
- Discussion on the bifurcation in stock market breadth and its potential resolutions.
- Examination of the 50-day and 200-day moving averages, highlighting current divergences and recent market breadth improvements.
- Sector performance insights, particularly the strong showing from technology and consumer discretionary, contrasted with the lagging utilities sector.
- Detailed analysis of growth vs. value performance, using Russell Growth (IWF) and Russell Value (IWD) indices.
- In-depth look at specific stocks and sectors, including energy names like CVX and XOM, and their retracement levels using Fibonacci analysis.
- Exploration of smart money (HYG) vs. dumb money (SPY) divergences and their historical resolutions.
- Insights into the 10-year yield and oil correlation, and its implications for future market movements.
- Examination of individual stocks that could be poised for a bounce or continuation, including CVX, XOM, FDX, Beyond Meat (BYND), and others.

We'll also touch on technical setups in stocks that are coiling up for potential moves, such as HALO, International Paper (IP), UHS, Burrows Coffee, VLTO, Coca-Cola (CCE), Google, Philip Morris, GPS, Footlocker, and AT&T.

Join us for this comprehensive analysis to stay ahead of the market trends and make informed trading decisions. Don't forget to tune in to our live streams for real-time updates and discussions.

*Stay informed, stay prepared, and let's navigate this market together!*

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#Stock​market #StockMarketAnalysis #Day​Trading

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