Energy Wins & Utilities Lose Again

JC Parets
October 3, 2023

We have a big night ahead of us. Are you ready?

This only happens 12 times each year, where we get a fresh batch of Monthly Candlesticks and data sets.

It's that time again!

Tonight at 6PM ET I'll be hosting our LIVE Monthly Charts Strategy Session for Premium Members of All Star Charts.

What do we need to own as we head into the final quarter of the year?

What do we need to avoid?

Here are the final numbers for Q3. Energy won and Utilities lost again!

As far as asset returns go, you can see below how Commodities won Q3 in general, after struggling to keep up with stocks the past 3 quarters.

Also notice the S&P500 returns in Q3, actually not bad considering the record numbers they had been putting up since Q4 last year.

The market continues to be a mess, particularly at the index level, which is perfectly normal for this time of the year.

So I still think it's important to be looking for both long and short exposure.

A great scan we have for that is our Under The Hood Report, which looks for stocks showing an unusual increase in investor interest.

Here's this week's list:

Again, just because a stock is getting a lot more attention, all of a sudden, doesn't necessarily mean we want to buy it. Heck, we may even want to short it.

And that's why UTH is one of my favorite scans we have.

Check out the full report here.

And Premium Members make sure to REGISTER HERE for tonight's LIVE Monthly Charts Strategy Session, if you haven't already.

It's one you simply cannot miss.

We'll get going tonight LIVE @ 6PM ET.

See you in there!

JC

 

Filed Under: