• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Stock Some New Charts Suggest This Leg Continues
Stock

Some New Charts Suggest This Leg Continues

by June 2, 2023
by June 2, 2023 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Investor interest seemed to be restricted to semiconductors and software. This week, it appears to be widening out into new areas for a move higher. It’s been a long time since anyone loved the ARK series of funds, but the ARKK has an SCTR above 75, suggesting a strong move has started and is behaving better than most of the ETF’s out there.

Joe Terranova is a pretty smart investor. He has traded with one of the brightest minds in the commodities business, Mark Fisher. JOET is the ticker of the Terranova momentum fund. He has struggled to grasp the gains in the narrow advance as well, but this week the chart is starting to turn up. Looks great. SCTR moving back above 50, the price is breaking a big downtrend and the PPO looks to be headed into positive territory.

Another ticker I like to keep an eye on is the IBD 50 ETF (FFTY). It has struggled as it is a growth and momentum fund. The daily chart is perking up and you can see the SCTR moving higher as well.

The weekly chart shows how it can be a solid performer, or a solid under-performer. I like the SCTR turning up after making an 18-month base. Price is trying to break out from a sideways consolidation since the beginning of the year. The weekly Full sto was stuck in the lower half, and has now flipped back to the upper half. Price will close above the 40 WMA for the first time in a long time.

I’ve been waiting for some broadening out. Nice to see a meaningful change in these charts.

I covered some of this on the Monthly conference call on June 1, and members are listening to the recording today. I’ll have a lot more in the weekend newsletter. If you would like to try a subscription to Osprey Strategic, it is only $7 for the first month and let’s you catch all of the recent postings.

You Might Also Like
  • Moxie Indicator Alerts: Predicting Yesterday’s Market Pullback!
  • Nvidia Stock: Why It’s Screaming a Spectacular Buy Signal
  • High Risk of Market Downside in December?
  • Timing the Market With the WillTrend Indicator
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Nevada Gov. Joe Lombardo vetoes measure criminalizing fake electors
next post
Gold’s Model Calls for Crude Oil Bottom

You may also like

Relative Strength Screams Bullish for This Tech Stock

May 10, 2024

Head and Shoulders Top for Semiconductors?

August 14, 2024

The Halftime Show: Under the Hood — Short Interest Gainers...

April 24, 2023

S&P 500 Plunges Below 5K!

February 13, 2024

RRG Indicates That non-Mega Cap Technology Stocks Are Improving

April 11, 2024

Small Caps Breaking Out BULLISH

March 8, 2024

Welcome to the Tom and Jerry Markets

May 8, 2023

DP Trading Room: What’s Up with These Yields?

January 23, 2023

Stock Market Weekly Wrap-Up: The Charts You Need to Have...

September 30, 2023

NVDA SCREAMS BULL With Earnings Breakout

February 22, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    MEM TV: Tech Stocks Blast Higher!...

    January 22, 2024

    Should We Use Weakness To Accumulate...

    October 22, 2023

    A Broad Market Bounceback or Bear...

    February 24, 2023
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here