Why Growth and Tech Names Are Giving Energy a Run for Its Money

by | Jun 24, 2022 | Stocks

Those who know me know I watch the 11 major sectors closely… 

I even have a cool Cumulative Strength Index scan I use as a barometer to gauge the S&P 500 and Nasdaq to find and track the hottest and weakest stocks to add to my watchlist each week. 

But I noticed something crazy happening over the past few trading days… 

Defensive sectors like Energy and Utilities have been leading the pack for a while now, but three more speculative sectors have wiggled their way to the top. 

So in this video, I thought I’d go over the major sector rotation happening right now, and what it means for stocks moving forward… 

The Major Sector Rotation Happening Right Now 

As stock traders, we can’t ignore the major sector rotation happening right now… 

It’s important to note that the Consumer Discretionary, Consumer Staples and Information Technology sectors, which have been the weakest over the past six months, are now leading on a five-day basis. 

But also keep in mind that we’re entering the last stretch of June and then, the Fourth of July holiday… 

Which tends to be a super bullish period for the broader market and stocks. 

And if that’s the case this time, the broader market will show even more signs of bottoming out, or that a major change in trend is on the horizon. 

This means we’ll want to start looking at stocks making one-month highs because they might already be breaking out as we speak!

Be sure to check out the short video at the top of this page to learn more about the major sector rotation happening right now

Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video, and see what other trade opportunities we’re paying close attention to! 

WRITTEN BY<br>Roger Scott

WRITTEN BY
Roger Scott

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