This Week's Stock Ideas

Monday, September 30, 2024

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Last week, markets took out all-time highs, but the feeling of all-time highs just wasn’t there. It felt as though we were bouncing around the same levels and that’s because we actually were just hovering near the same levels. While there are no bearish signs yet, it certainly feels as though the bulls are getting tired. A multi-day pause could be healthy for the trend, but only time will tell. This week we are looking for a break of current levels. A break higher will signal further upside, while a break lower could imply that a much-needed pullback can be underway. We will be watching closely and updating accordingly.

Check out this week’s trade ideas.

Last week’s sector performance