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Top 20-Bottom 20
The Top 20 have now evolved to be almost all TECH-related stocks, whereas the former stock market darlings, Energy, Agri, and Commodities, make up the Bottom 20.
Sectors
Sector analysis reinforces the rotation of TECH from the lowest of the low to the current favorites. Clients should observe below the current Sector rankings, the table of the history of sector ratings since July 2022 in the Sector section below, the Sector RRG, and the video of the Sector RRG movement that has led to the current market.
Market
As TPA has been telling clients since December, when the breakout was setting up, the S&P500 seems to have confirmed its January breakout from the 2022 downtrend. The second chart below shows the relative performance of major market indexes last week. The Nasdaq and Russell Small-Cap were the clear winners. The performance of the last week indicates that we are in risk-on mode as investors expect higher prices to come.
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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