In today’s briefing:
- Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?
Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?
- We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&P 500 (SPX) is above 6028-6059.
- Short-Term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150, and 6028-6059.
- Various prior leadership areas from the April lows appear ready to continue higher following 1+ month consolidations. IGV, PLTR, APP, SOUN, RZLV, SHOP, FROG, U, CDNS, RDDT, JMIA, RR, Z,HIMS,MU,GRAL
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