Major Market Shift As Week Ends Strong!

Published: 23 August 2024
on channel: StockCharts TV

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08.23.24: Mary Ellen McGonagle, MEM Edge Report, reviews the broader market's health while highlighting big shifts into newer areas, including bank stocks, retail stocks and auto related stocks. Sharing one of the reasons Tech stocks were weak, she highlights which areas as seeing renewed strength. She also looked at individual stocks that are poised to trade higher.

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00:00 - Welcome!
00:28 - Headline News: BL Job Growth, Powell Comments
01:59 - S&P 500 ($SPX), S&P Equal Weight ($SPXEW)
03:28 - Nasdaq Composite ($COMPQ)
04:07 - Real Estate (XLRE), Staples (XLP), Discretionary (XLY)
07:06 - Technology (XLK), Industrials (XLI)
08:21 - Homebuilders ETF (XHB), Regional Banking ETF (KRE)
10:02 - Russell 2000 ETF (IWM), Thoughts on Core PCE Data
11:05 - Semiconductor ETF (SOXX), Nvidia (NVDA), S&P Retail ETF (XRT)
13:16 - Microsoft (MSFT), Amazon (AMZN), Meta (META)
14:26 - Cava Group (CAVA), Wingstop (WING), Home Depot (HD)
15:34 - RETAIL: Abercrombie & Fitch (ANF), Lululemon (LULU), Gap (GAP)
16:11 - BANKS: Zion Nancorp (ZION), Truist Financial (TFC)
17:00 - Columbia Banking (COLB), Western Alliance (WAL)
17:32 - AUTOS: Carmax (KMX), Carvana (CVNA)
18:21 - EMPLOYMENT NUMBERS: Robert Half (RHI)
18:49 - Final Thoughts

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