Super SMID Granny Shot Technicals - June 2024

I’ll be on Fox Business with Charles Payne tomorrow, Thursday, June 27th at 2:00 pm ET

Equity trend should be close to finding a bottom and turning back higher to new highs into July after just a minor three-day pullback in Technology.  Broader market performance has proven impressive in the last week, and should be a driving reason why Stock indices continue to push higher in the month of July. DXY and TNX look close to breaking down, and likely trend lower into September.  Overall, despite Tuesday’s resumption in Technology strength while the broader stock market showed more weakness, I expect to see Sectors like Healthcare, Financials, Consumer Discretionary and Industrials build on recent strength to rally in the month of July.  SPX along with QQQ trends remain bullish and supportive of a push higher to near 5700 in SPX, and it’s thought that mid-July could prove to be more important than mid-June. 

Below are the technical writeups for this month’s Super SMID Granny Shot selections, listed in no particular order:

checkout-thomas-lee image
checkout-logo image

Become a Member To Access Fundstrat Research

Fundstrat Direct gives individual investors access to Tom Lee's research, previously only available to banks and hedge funds.

Monthly

$199/mo

First Month Free

Join Now

Annual

-15% $2,028/yr

List Price $2,388

Savings: $360/yr

Join Now

Why Join Fundstrat Direct?

Fundstrat Direct helps you invest confidently with the same research banks and hedge funds use to navigate the market.

Daily Strategy Icon

Daily Strategy from Tom Lee & Team

Stay ahead of consensus with daily updates on key developments & catalysts and opportunities ahead.

Real-Time Market Alerts Icon

Real-Time Market Alerts

Analysis on market-moving events and actionable opportunities delivered instantly from us to you.

Curated Stock Lists Icon

Curated Stock Lists

Choose the portfolio that best suits your investment style, preferred asset class, and time horizon.

Monthly Market Update & Top Ideas Webinar Icon

Monthly Market Update & Top Ideas Webinar

Attend engaging webinars with Tom & team featuring our top ideas and near-term market outlook.

Daily Technical Strategy Icon

Daily Technical Strategy

Receive tactical opportunities, actionable signals, and fundamental analysis from our proven research team.

Live Analysis on Your Holdings Icon

Live Analysis on Your Holdings

A monthly webinar featuring live analysis on member-submitted stocks and questions.

Disclosures (show)

Events

Trending tickers in our research