Quite The Week
In the rather short "good news" column, we believe growth names are about to move up.
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Looking Back
A truly terrible week for humanity, nothing for anyone to be proud of here. Stocks also mainly went down, unless their tickers were brought to you by the letters U, S, and O.
That said, the downdraft we said was about to happen in November 2021? That looks like it might be ending. Our charts on the S&P500, the Nasdaq, the Dow and the Russell2K all look to have bottomed already and indeed are now retracing from a post-bottom bounce up. We think this means the indices will be on the rise in coming months, credit market and themobaric rocket volleys notwithstanding.
Looking Forward
We believe the next big move in market indices is up, not down.
And if we’re right, the single stock names beneath the indices can move up still faster. Right now we have many, many charts pointing up but to close out this week’s letter we now propose three Buy opportunities for you.