Up Every Month This Year

JC Parets
April 30, 2024

The month isn't over yet but I peaked.

How many assets can you think of that have been positive every single month this year?

Where do you find the most consistent leadership?

Is it in Technology?

No. Tech is down over 4.5% the past 2 months.

Is it Consumer Discretionary?

Nope. It's down 2 months in a row, falling almost 3%.

The answer is the US Dollar and Crude Oil Futures.

As we enter the final day of April, these 2 assets have been positive every month so far in 2024.

Are these the types of assets that tend to be leaders during strong bull markets?

Or are these the types of assets that lead during less stable times?

We've seen a much different market in 2024 compared to what we saw in 2023.

It was impossible to be bearish equities last year. But people somehow found a way.

We continued to see sector rotation and leaders leading throughout all of last year.

But this year we stopped seeing that.

So as the data has changed, we've obviously adapted our strategies accordingly.

What about you?

Have you adapted? Or are you still trying to do the things that were working last year?

Square peg into a round hole type situation?

That seems too hard and frustrating.

Adapting is much easier in my experience.

Tomorrow night is our LIVE Monthly Charts strategy session that I host at the beginning of every month for Premium Members of ASC.

We'll get going LIVE @ 6PM on Wednesday May 1st and you can register here for that.

As always, if you can't make the live event, the video archive and slides to download will be available here shortly after the end of the call.

If you're not already a Premium Member of ASC, you can sign up here RISK FREE to join us on our LIVE call and receive the rest of all the member benefits at ASC.

See you in there!

JC

 

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