THE NAVIGATOR - Technolgy (XLK) Stocks to Slide Again - Utilities (XLU) to Outperform
In This Edition:
In this month’s edition of the Elliott Wave Navigator, we focus on equity portfolio performance updating last month’s recommendations and what forecast changes are set to occur within the next month. We begin though by taking an overall look at the underlying trend of the major benchmarks, the S&P 500 and the tech-heavy Nasdaq 100. There’s been some important reversal-signatures triggered in the Nasdaq 100 and the Technology (XLK) index which creates a very complex outlook for sector rotation for the next several weeks.
Currency (FX) analysis updates the US$ dollar index and the Euro/US$ and the shorter-term weekly cycles. This provides an introduction snapshot of our more in-depth currency forecasts for many other US$ dollar crosses and pairs that comprises our mid-year PART III CURRENCY & INTEREST RATES VIDEO SERIES. This report will be published next week so you’ll receive an e-mail notification in due course.
WaveTrack International provides bespoke intelligence for Asset Management Corporations, Pension Funds, Total/Absolute-Return/ Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions. The ‘deterministic’ qualities of the methodology used often translates into results that are dynamic and – outside consensus estimates. This is suitable for individuals who seek unbiased market research which is ‘technical, quantitative and strategic’ for their investment decision making. WaveTrack’s analysis and research is especially relevant for medium/long-term investment strategies.
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