Technical Tuesday - September 01, 2020 - Equities

publication date: Sep 1, 2020

The uptrends for both the S&P 500 and Nasdaq Composite remain intact but approaching target zones where we will be looking for a pause or pullback. We are concerned with the loss of upside momentum for the Russell 2000 and Mid-Cap (MDY) after coming into an area of resistance and target levels. We would be reducing exposure to both those segments of the market. The ration chart of the Momentum Factor (MTUM) ETF vs. The S&P 500 Low Volatility ETF has achieved the MOB target highlighted on August 18. We are taking partial profit right here. Lastly, we remain short the TLT and would be adding on short-term strength.



Sorry this page is available to subscribers only.
If you're not a subscriber why not join today?

If you are already a subscriber, please login.

If you believe you should be able to view this area then please contact us and we will try to rectify this issue as soon as possible.


To gain access to the members only content click here to subscribe.

You will be given immediate access to premium content on the site.