StockCharts.com’s Your Daily 5: July 11, 2023
Correction Likely Below This Level| John Kosar, CMT
John Kosar of Asbury Research recaps the previous show he did on June 12, 2023. At that time, the S&P 500 confirmed a bullish breakout on June 1, 2023. Since then, the S&P 500 has risen as high as 4458, before stalling on the upside the past few weeks. The Asbury 6 still remains positive. The SEAF model (Sector ETF Asset Flows) is still indicating an overweight status for Technology and Communication Services.
- 00:00 Intro
- 01:55 S&P 500 4383 Likely Next Starting Point Of Tactical Trend
- 05:08 Asbury 6 Positive Bias
- 07:24 SEAF Model Favors XLK, XLC, XLF
- 10:24 Asbury Research Subscription Sale
- 11:24 Investor Sentiment
- 13:37 Volatility: Rising VIX Warns Of Correction
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