Research, Technical

On the Verge

Drew B. Wells, CMT, CIMA, Technical Analyst
04 October 2024

Summary

The long-term indicators suggest an intact primary uptrend, making buying on pullbacks the preferred strategy. However, short-term indicators are declining, prompting investors to exercise patience until conditions improve before deploying new capital. In the meantime, focusing on unleveraged funds with strong Demand gains and long-term breakout potential is recommended. A filter analysis of the ETF database identified the VanEck Junior Gold Miners ETF (GDXJ) and the iShares Semiconductor ETF (SOXX) as promising options.


Want to learn more? Download the Report.

Solutions

Technical Research
Giving you confidence to navigate any market cycle.

Related Insights

Place Your Bets

Place Your Bets

Recent commentary from Lowry emphasizes positive trends in breadth, momentum, Demand...
Read more