Stage 2 Breakouts Multiply in US Stocks & ETFs – 2 February 2023
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There has been a dramatic increase in the amount of Stage 2 breakout attempts over the last few weeks, with more and more areas of the market attempting to move into early Stage 2, with many showing both strength and volume, which has caused the indexes to also attempt to move into early Stage 2, as highlighted in the last few days posts.
The potential move into early Stage 2 is also causing new sector themes to emerge with some of the lagging areas especially coming back to life, with Technology, Consumer Discretionary and Communication Services all featuring strongly.
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Disclaimer: For educational purpose only. Not investment advice. Seek professional advice from a financial advisor before making any investing decisions.