Daily Buy/Sell Signals Email - 1/30/23
The Dow, NASDAQ, and S&P all closed up on the day but off significantly from their intra-day highs. The Consumer Discretionary sector put in a strong showing up 2.27% whereas Energy was down .35%
Weekly Update
The broad markets all put in solid gains with the NASDAQ up almost 5%. Year-to-date the NASDAQ is up 11% followed by the S&P up 6% and the Dow up 2.5%.
Communication Services YTD is up 15.21% and we have been issuing sell signals during this rally on META, GOOGL, NFLX, & DIS.
Consumer Discretionary is another big winner up 14.5% YTD and here again we have been issuing sell signals on AMZN, & TSLA,
These double-digit gains are not sustainable; DynaLogic is not trying to forecast the future, just prepare for the future by taking some chips off the table.
One more observation, its been many months since we have had a day where we had 18 Sell tickets. A lot of the big gainers were big losers in 2022. Markets tend to overshoot on the upside and downside. Would not be surprised to see the markets correct in the not too distant future.
MARKET ACTION
The DynaLogic overlay platform provides Buy and Sell signals to be used on stocks you already own or are interested in purchasing. Unlike other services, we don’t attempt to recommend stocks or predict what future prices will be. Our Buy and Sell signals are based solely on historical price movement and pre-established price targets.
We help you know WHEN TO SELL and WHEN TO BUY the stocks you own or are considering for purchase.
If you are a new subscriber, for help understanding how DynaLogic works and how to properly use our system, head to this post which contains articles on how to get started with DynaLogic and common questions.
For a full list of the 130+ securities we are tracking, which include individual securities, cryptocurrency, Index and Sector ETFs and more, refer to our Security offering sheet.
For a full list of the next buy and sell signals, click here.
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