Market Monitor | stockbee


Market Monitor

Market Monitor: Bearish

  • Selling pressure was intense after the morning bounce failed
  • Recent leaders are under pressure and one by one they are breaking down
  • New sector leadership is emerging. It is mostly defensive sectors
  • More selling will lead to washout and attempt at another bounce.
  • Reflex bounce is very strong probability
  • Currently in reversal anticipation mode. Looking for follow through day or MM signal
Sector Focus:
  • Medical
  • Energy

The selling will probably stop before earnings season and if bearish phase has to follow on, it will happen post earnings.

1 comment:

Crush The Market! said...

Fascinating insight of the sectors. I have looked at sector rotation, but never looked at historical sector performance. Thanks!