Intra-day reversal holds trendline support, for now

Technical Strategy Video:

Key Takeaways

  • While a short-term bottom could materialize for US equity indices this week, it’s right to expect further weakness into late January before any meaningful low is at hand
  • Sector strength in Financials and Energy continues to hold markets up, creating a sloppier selloff than what would be the case if all sectors were falling at once
Technology’s breakdown is a key factor why market indices like...

Finish reading this report for free

Enter your email and we'll send the paywall-free report directly to your inbox

Articles Read: 0/2

By continuing, you agree to the Terms of Service and Privacy Policy.

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.

Get unlimited access to Tom Lee's Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research