These Groups Just Turned BULLISH!

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08.16.24: Mary Ellen McGonagle, author MEM Edge Report, highlights what drove the sharp rally in the markets - posting their largest weekly gains for the year! She takes a close look at retail and cybersecurity stocks setting up for gains, and shares some of the best ways to participate.

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00:00 - Welcome
00:33 - Headline News: Core PPI, Core CPI, Jobless Claims
01:56 - S&P 500 ($SPX), Nasdaq Composite ($COMPQ)
03:54 - S&P 500 Sectors: Technology (XLK), Discretionary (XLY)
06:35 - ETFs: US Medical Devices (IHI), S&P Retail ETF (XRT)
07:21 - Tech-Software ETF (IGV), Regional Banking (KRE)
08:46 - Volatility Index ($VIX), Russell 2000 ETF (IWM)
09:48 - Outperform: Starbucks (SBUX), Nike (NKE)
11:39 - Carvana (CVNA), Carmax (KMX), Sprouts (SFM)
13:12 - Intuitive Surgical (ISRG), Stryker (SYK), Boston Scientific (BSX)
14:42 - Columbia Banking (COLB), Western Alliance Bancorp (WAL)
16:16 - Fortinet (FTNT), CyberArk (CYBR), Palo Alto (PANW)
18:19 - Walmart (WMT), Nasdaq 100 EQL WGHT (QQEW), S&P EQL WGHT (RSP)

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@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

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

StockChartsTV
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Always look forward to your week ending report....Thank you!

carlneiper
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the most important determination of what will go up is figuring out the beneficiaries of current economic conditions.

radiantonion
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Thank you, and great report like always!

eminalopatyuk
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Came across this video as I'm researching ISRG. Do you think they'll continue being bullish if analysts see them declining due to weight-loss pills rapidly replacing bariatric surgery?

chickaberga
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JPOW always says what the market consensus is .... every time

moon
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If the S&P has a couple red days starting out next week, that RSI could actually be setup here as Hidden Bearish Divergence

Christopher.Capital
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Just wish there werent so many pauses between words when speaks… content is good though

gf
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Completely laughable to say anything is bullish right now! Keep buying

bdek