News Details – Smallcapnetwork
S&P 500 Reverses Big Time - Sectors Getting the Love Now
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February 2, 2024

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PDT

Are these markets crazy or what? The swings are getting bigger and bigger with today's move higher on the S&P 500 today exceeding yesterday's move lower. Go figure. But, everyone I talk to, including myself - who I try not to talk to too much - thinks these markets are still going higher in the long run. We showed you earlier in the week why from a fundamental perspective the S&P 500 is probably going to continue to make new high ground. And, now that yesterday's reversal has been eliminated, all it's going to take is a few more days of strength and we'll probably find the S&P 500 at new all-time highs once again. It sure looks like the benchmark index tracking big corporate America has been building a base over the last few weeks, so any big move higher is probably going to prove its recent foundation to be one that indicates more upside going forward. It's not as if we haven't seen this kind of volatility over the last several years, only to see the markets go higher and higher, so how can anyone honestly think that's going to stop now? Tech keeps getting beat up to a certain degree, that's for sure, which is why we continue to believe other sectors of the markets are probably going to start leading now. I pointed out the guys over at Elite Opportunity Pro several days ago were very bullish on healthcare and biotech going forward, and if you look at these two big ETF's tracking those sectors in XLV and BIB, you can see just why they continued to pound the table in their premium service weeks ago. They always say money never sleeps and money has no home, so it shouldn't be a surprise these two sectors have started doing much better again after a few years of lagging the major averages. The Elite Opportunity Pro team has also continued to point their members in the direction of oil continuing to go lower. Some of you might remember they called a short on oil around $50 per barrel, but they're still looking for even lower levels ahead. Just this morning, they made it very clear they're looking for a move to below $40 per barrel, but if that does end up happening, they say they're going to be looking to recommend some select energy names to take advantage of a big reversal in the energy sector. The chart of oil here shows everyone just how right they've been on that call, so considering they called that move correctly, I'd be the first to assume they'll probably end up calling the bottom correctly. I honestly don't know where anyone can find their type of market analysis on a day-to-day basis, but it's all right there for you every single day - delivered right to your inbox. All you have to do is sign-up and see for yourself. More importantly though, they were savvy enough to start backing off stocks while these markets have been in a significant flux of late, and although I'd love to reveal their two most recent picks yesterday - which were very contrarian to say the least - it's always been their ability to pick stocks with good risk/reward potential that has given them the accolades they deserve. All you can do is try it and like I said, see for yourself. It's different than probably anything you have ever gotten, and if you're looking to seriously build a portfolio of value, you really should see what it's all about. Nobody's perfect and neither are they, but if you'd have been a member of their service dating back to its inception in January of 2013, you'd probably own stocks right now than have doubled, tripled and beyond. So just because you might be a buy and hold investor definitely doesn't mean their service isn't for you.