Carlsquare weekly market letter: Building energy, boiling and rotation beneath the surface

Read the weekly letter here:

Carlsquare Weekly market letter:

• It is the traders’ market. With no clear trend in the market and the Fed under pressure, the indices are stuck in wedges. This means that the market is building up energy for a big move. The direction is unclear, but it is still spring and with a little lower interest rate, the move can be to the upside.
• There is much movement under the surface. The tech sector is the new haven when nobody trusts the banks anymore. On the other hand – from a technical point of view – bank stocks may have formed a bottom…
• Below is an illustration of the rotation among sectors in the US. RRG® charts show the relative strength and momentum of a group of stocks.

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The information in this presentation is based on what the publisher, Carlsquare, believes to be reliable sources. However, we cannot guarantee its content. Nothing in the presentation should be construed as a recommendation or solicitation to invest in any financial instrument, option or the like. Opinions and conclusions expressed in the presentation are for the recipient’s use only. The contents may not be copied, reproduced, quoted, or distributed to anyone else. Carlsquare shall not be liable for any loss arising from any decision taken based on the information contained in this presentation. Past performance should not be taken as an indication of future results. Changes in foreign exchange rates may affect the value, price or income of an investment made abroad or in a foreign currency.

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