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Short-Term Pain, Long-Term Gain | Tom Bowley | Your Daily Five (06.09.23)
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Tom points out a critical resistance level for the S&P 500, suggesting it's do-or-die right here, even suggesting a possible shorting opportunity. The QQQ isn't much different. A big question also surrounds small caps (IWM). Do we see rotation into this asset class? Tom looks at each of these and provides two industry groups that look quite bullish and part of a strengthening sector.
0:00 Intro
2:10 S&P 500 ($SPX)
6:32 QQQ Trust (QQQ)
8:44 Russell 2000 ETF (IWM)
10:51 Sector Summary S&P Sectors - Find The Leaders
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DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
risk of loss in following any strategy or investment discussed on the show.
Strategies or investments discussed may fluctuate in price or value.
Investments or strategies mentioned in this show may not be suitable for you and
you should make your own independent decision regarding them. This material
does not take into account your particular investment objectives, financial situation
or needs and is not intended as recommendations appropriate for you.
You should strongly consider seeking advice from your own investment advisor
0:00 Intro
2:10 S&P 500 ($SPX)
6:32 QQQ Trust (QQQ)
8:44 Russell 2000 ETF (IWM)
10:51 Sector Summary S&P Sectors - Find The Leaders
Connect with Tom -
–––––
See what better financial charting can do for you!
FOLLOW US
ABOUT STOCKCHARTS
ABOUT STOCKCHARTS TV
DISCLAIMER
Past performance is not indicative of future results. Neither the Show Participants
risk of loss in following any strategy or investment discussed on the show.
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
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