StockCharts.com’s Your Daily 5: February 7, 2023
Why This Rally Is The Real Deal | John Kosar, CMT | Your Daily Five
John Kosar of Asbury Research presents his 5 most important charts, data series, and Asbury Research quantitative models. They are those that will have the most influence for the stock market over the next several weeks and potentially into 2Q 2023. First off, the S&P 500 is in the midst of a major bullish trend change. That trend will remain valid above the 3950 area. Let’s follow the money.
- 0:00 Intro
- 0:49 S&P 500 Emerging Major Bullish Trend Change ($SPX)
- 2:36 Market Internals – Asbury 6 is Positive
- 6:07 Semiconductors: Market Leader Targets Big Advance (SOX)
- 8:02 Investor Sentiment – S&P 500 ($SPX) Investors Intelligence Bulls – Bears
- 9:39 Market Sectors – SEAF Model Favors Tech and Consumer Discretionary
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