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Pointing Down Until Proven Otherwise
That in summary is my own personal take on US equities right now. No change to a longer-term bullish outlook for 2024 and probably beyond; put simply I think the huge run-up in stocks in November and December 2023 is due a pullback and my guess is that has started but not finished. Paying members here will have seen various alerts as regards lightening up or selling out entirely of individual stocks, adding short hedges to index positions, and changing stance in one of our Inner Circle model portfolios, all of which arises from the charts we publish daily in this Market On Open note together with the single-stock charts and ratings you can access in the Stocks & ETFs page of the Inner Circle service website (here).
For paying members we now run through our usual charts covering the main US equity indices, associated leveraged ETFs, plus the SOXL TECL and FNGU ETFs as always.
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.