In this week’s edition of StockCharts TV’s Sector Spotlight, I start with a look at the current state of Sector Rotation in US stocks. (Normally, I review seasonal patterns in sectors every last Tuesday of the month, but, last week, that segment had to make place for the introduction of intraday RRGs.) That means that this week’s episode covers both the seasonality segment and the review of the completed monthly charts for July, as it is the first Tuesday of the new month.
With many sectors rallying off long term support levels and nearing overhead resistance, there is now a situation where downside risk is bigger than upside potential in most cases.
My ChartList for these monthly charts is public and can be accessed here.
This video was originally broadcast on August 2, 2022. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, or click this link to watch on YouTube. You can also check out the video on the StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
#StaySafe, -Julius
