Daily Power Snapshots

March 21, 2024

Let's Start Here

Daily Power Snapshots are a new morning review of the sector and subsector data spreadsheets that we post from time to time. This will be part of the elite memberships and will hit your inbox early for your daily preparation. These quickly show where each segment stands on the long, intermediate and short-term views from breadth and momentum perspectives. Also, keep an eye out for the weekend version where we put each snapshot for the week in a carousel so you can see how things changed as we progressed through the week.

Back to life after the sellers can’t capitalize and the FED message was well received. Financials perked quickly while the current usual suspects, Energy, Materials and Industrials are remaining strong.

RSI snapshot showing almost all subsectors back in green once the FED tension passed. 

This snapshot has flipped completely back to green in just a couple of days, Technology and Health Care are coming from deeper pullbacks and haven’t flipped back just yet. Semiconductors didn’t get the message, but after last night’s $MU earnings, we will see if they jump in today.

Pressure Gauges showing an 80% day for the Universe and 90% day for tons of subsectors. Not in Health Care, but that is okay. It wasn’t in Energy either, which is a short term change, but a lot of other subsectors got attention today. 

This is exactly what you want to see and to continue, a lot of participation market wide, not just a couple of sectors.

New lows disappearing just as fast as they showed up. The grind continues.

A quick review should help you find where money is flowing and get to your fishing lanes for the day a little faster. To dive deeper into any particular space, just go back up top to the menu you can get to any sector or subsector from there!

This information is for educational purposes only and is not a recommendation.  Please see the full disclosure in the footer.

As always, I hope this helps!