bullish

Communication Services Select Sector SPDR Fund

Upgrading Communications, Downgrading Staples - Both to Market Weight; US Dollar Major Top

We believe equities are still in the midst of a rally/short squeeze, but that the rally is likely to fizzle in the $SPX 4100-4165 area. Upgrading Communications $XLC to market weight -- add exposure

Technical Analysis
249 Views, 25 Jan 2023 06:30
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  • Many Indexes/Sectors Testing Resistance; Limited Upside From Here; Buys in Staples and Health Care
    01 Feb 2023
  • Upgrading Communications, Downgrading Staples - Both to Market Weight; US Dollar Major Top
    25 Jan 2023
  • Awaiting CPI Thursday; Expect 4100-4165 SPX to Cap Upside; Buy Ideas Within Gold Miners, Insurance
    12 Jan 2023
  • More Downside to Lead to Buying Opportunity?; Buy Ideas in Consumer Staples, EU Banks, Gold Miners
    05 Jan 2023
  • Upgrading Staples and Health Care to Overweight; Stay Defensive, Expecting Test of YTD Lows on SPX
    29 Dec 2022
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