At the end of last week, markets shifted out of tech and we did some digging to see where the money is heading. Blane Markham made a strong case for the rotation into healthcare in his article (you can read it here). He even highlighted a ticker that was ahead of the curve and is seeing even more lift from the sector momentum.
The precious metals market is starting to pop up in the analyst chatter as a place that will be attractive to traders trying to insulate from the chop created by tech and the war. Joe Duffy explained why he was sticking with one gold ETF in his recent post.
It seems like as we head into earnings from Alphabet and Tesla, the pros are looking for the overlooked. Keith Harwood laid out the details of his favorite pick with all of the details to trade it. His quick chat really revealed a solid trade that has worked the last couple times the Iran conflict heated up.
I laid out a couple oversold tickers that showed upside potential that we are continuing to follow. And Wendy Kirkland dove right into the tech whirlwind and walked through a chart that helped determine is this is a dip or reversal.
We will be tuned in for GOOG and TSLA earnings on Wednesday after the close and will be watching to see if the market offers any tells on what to expect before then.
Keep learning and trade wisely,
John Boyer
Editor
Market Wealth Daily

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