By scanning these charts, we can quickly see where the potential opportunities are and, just as importantly, what to avoid. The IBD 50 looks good overall, but be cautious with gold miners, gold, and biotechs. Oil and gas? Stay away for now. Software technology is still okay, but be a little cautious. Medicine is in a downtrend, so steer clear until it shows some strength. Aerospace and defense needs a base before it lifts off again. Homebuilders and transports? Stay away! The S&P 500 growth stocks are still looking good, but the Russell is lagging. Be careful with small-cap real estate, and avoid airlines and oil services for now.
Pharmaceuticals are hanging in there, but there’s no clear entry point yet. Gold miners need to show some power before we jump in. QQQ is still okay, but watch for it to base out and show strength. Retail? Stay away. Silver is holding up, but we need to see some more power. Stay away from steel and oil services. Semiconductors are looking great, and we’re involved in that sector.
The spiders had a rough day, but the trend is still up. Solar has a lot of overhead supply, so be careful. Small caps are lagging, and so are biotech and homebuilders. Materials are okay, but need to show more strength. Communications is looking decent, but needs to push through some resistance levels. Financials are choppy, and industrials are still basing out. Technology is holding its own, and consumer staples are hanging in there. Healthcare is okay, but no clean entry yet. Stay away from consumer discretionary stocks, oil, and retail. Software isn’t showing much power right now, so be cautious.
Moving on to the Max list stocks, Apple needs to base out and form a handle before we see a good entry. Amazon is showing selling pressure, so be cautious. Alibaba needs to base and bounce off the 21-day moving average. Google is chopping around, so wait for it to base out. Goldman Sachs is trending nicely, and we own it. MasterCard is looking good, but Meta is still below the falling 50-day moving average. Microsoft needs to push above resistance with volume. We own Netflix, and it’s a good buy. NVIDIA is looking strong, but be careful with earnings coming up. Square, Tesla, and Visa don’t have anything going on right now.
Remember, team, use your time and money wisely. Don’t chase after every stock. Focus on the ones with the most potential, and always manage your risk.
ETFs on our list: ARKG, ARKK, ARKW, BBH, CLOU, ERX, FDN, FFTY, GDX, GDXJ, GLD, HACK, IBB, IBUY, IGV, IHI, IJH, ITB, IVW, JETS, KRE, MDY, OIH, PSJ, QLD, QQQ, SKYY, SLV, SLX, SMH, SOXL, SPY, SSO, TAN, TNA, USO, XAR, XBI, XEC, XHB, XLB, XLK, XOP, XLC, XLE, XLF, XLI, XLP, XLU, XLY, XME, XRT, and XSW. Scanning these ETFs to uncover strength helps us tune in to specific industry groups and sectors.
The MAXLIST Review analyzes the performance of the following companies: AAPL, AMZN, BABA, BIDU, GOOGL, GS, MA, META, MSFT, NFLX, NVDA, SQ and TSLA. We evaluate their strengths and weaknesses in the market and identify the opportunities and threats they face. The MAXLIST consists of leading and influential businesses that have the potential to generate significant returns
