Daily Power Snapshots

March 22, 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.

Our recent leaders keep getting stronger, now we have Real Estate and Financials trying to join in. Are markets pushing back against higher rate expectations?

Broad strength and momentum showing in the RSI view, only a couple of defensive subsectors not playing along.

After flipping back green yesterday, it pushed higher today. Lots of participation across most sectors.

Overall, we didn’t see the type of buying pressure from yesterday continue, but it wasn’t bad. Industrials kept the pressure on. As we saw in the MA Snapshot, Real Estate and Financials took a chunk of today’s buying.

Stocks making highs zoomed further today. This is good to see after last week’s raid by sellers. 

Tumbleweeds…

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!