Weekly Overbought & Oversold Report
China (Tencent) , Tech (Nasdaq) , and a Very Rare Signal
This week’s report includes a few top companies in the world but expect several more to be added to the list if market holds the weekend gains from Iran Peace Deal.
OVERSOLD SIGNALS - a few of the same names from last week that still are standing out for potential bounces are included
OVERBOUGHT SIGNALS - Nasdaq Futures stands out for a potential pause this summer as it average a flat return over 3 months. The 1999, 2020, and 2021 signals stand out.
If this gave you an edge, pass it on. Cheers.
Memorial Day and Summer Seasonality Cheat Sheets
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Memorial Day brings a longer weekend, barbecue, beer, among other of the finer things in life, such as seasonality charts. The example below show’s D.R Horton with a 100% hit rate over this time window of May 22nd to July. I do think a few of the homebuilders look compelling here, especially if rates top out, even if only short term.