Defensive Sectors Thriving on Weak Economic Data

08.01.24 Final Bar host David Keller, CMT recaps a busy day for earnings with META's gap higher and AMZN and AAPL trading lower in the after hours session. He shares key levels to watch for FMC, CROX, SIRI, ETN, COP, INTC, and COIN, speaks to the rapid rise in the VIX, the continued rotation into utilities and real estate, and

👀 See what better financial charting can do for you!
👍🏻 If you enjoyed this video be sure to hit the THUMBS UP

00:00 - Welcome to the Show
01:16 - Market Recap
07:29 - S&P 500 Large Cap Index ($SPX), iShares Russell 2000 ETF (IWM)
10:05 - Volatility Index ($VIX), Technology Select Sector SPDR Fund (XLK)
11:58 - Utilities Select Sector SPDR Fund (XLU), Relative Rotation Graph
13:11 - Meta Platforms (META), FMC (FMC), Crocs (CROX)
17:11 - Sirius XM Holdings (SIRI), Eaton (ETN), ConocoPhillips (COP)
20:39 - Coinbase Global (COIN)

👍🏻 FOLLOW US
#stockcharts #thefinalbar #davidkeller
@StockChartsTV @CNBC @markets

❗️DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
Strategies or investments discussed may fluctuate in price or value.

Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.

You should strongly consider seeking advice from your own investment advisor

–––––
ℹ️ ABOUT STOCKCHARTS

ℹ️ ABOUT STOCKCHARTS TV
StockCharts TV is devoted exclusively to financial charting and market analysis from the web's top technical experts. With a constant stream of technical charting-focused content, there's always something insightful, educational and entertaining to watch on the channel.

[StockChartsTV]

👀See what better financial charting can do for you!
👍If you enjoyed this video be sure to hit the THUMBS UP.

[titusrider]

Bipolar market. Having trouble making up it's mind? Well, yes and no 🤪 What a day! Did you see Amazon earnings coming ?

[t.cheers]

Question, do you gamble when in Vegas? If so, what do you play? 🤔

[tanleproe]

Today, Apple earnings are good on both top and bottom. Hopefully, its upgrade cycle has shown some turnaround signs until the Macbooks Pro get the M4 chips (Arm-based)

[jameswalker]

I think it’s because there is a large rotation to bonds. Folk were waiting for FED speak that Sept cut was coming. Folk wanting to lock in yield. Not sure it’s recession fear specifically.

[quietStorm]

Mr. Keller, please tell your opinion. Can tech stocks like META and NVDA bounce back this month after this week's pullback that coincided with a disappointing PMI print?

[eskayagarwal]

gt video. powell indusries yesterday wnet up 50 points ad lits lost safe. will watch how the share mkt perfroms tommorow....

[boccobadz]

The way Powell wa answering questions, you can guess that there won't be cut in September. Otherwise, he would say so. Markets nuking are the way to force FED's hand.

[hankbank]

The $VIX seems to show a bit of a cup and handle saucer pattern 🫖