
A Real Nail-Biter

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The US stock market has been undergoing internal rotations lately. We anticipated potential rotations to the more cyclical areas like Energy and Materials, as opposed to the Tech/Growth areas that Goldilocks has favored for most of the last year (also as anticipated, a year ago).
As for Energy and Materials, per the NFTRH Trade Log the Energy sector (XLE) was added on 2.8.24 and the Materials sector (XLB) was viewed as technically quite bullish in NFTRH 798 (2.25.24) and added per the Trade Log on 2.26.24, with an ultimate upside target well higher than the current level.
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