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Is the Stock Market Tempting Us with Another Breakout?

Published 06/24/2021, 03:22 PM
Updated 06/24/2021, 04:30 PM
© Reuters.  Is the Stock Market Tempting Us with Another Breakout?

The S&P 500 (SPY) is once again hovering near its recent highs and tempting us with a breakout. We’ve basically been in a range, defined by choppy market conditions, since the start of the POWR Growth portfolio. And, the longer we stay in the range, the more energy that builds for the next trending move. In this week’s commentary, I will discuss why I’m skeptical about this breakout succeeding, some higher-level strategy behind the changes we made in the portfolio earlier today, and then a more granular look at our holdings. Read on below to find out more….(Please enjoy this updated version of my weekly commentary from the POWR Growth newsletter).

On Monday, we conducted our monthly webinar, where we did a deeper look at the broader market, talked about what I love and hate about crypto, and discussed our positions and future trades.

Click here to view the replay.

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