RiskReversal Pod
Bearish-to-Bullish Reversals + S&P 500 Chart Check | MRKT Call
Nov 21, 2023
Dan Nathan, Guy Adami, and Carter Worth discuss topics such as adding futures to trading strategies, the implications of the Microsoft and OpenAI partnership, strategies for buying gold, bullish reversals in the market, analysis of recent stock performance, and the potential levels the S&P 500 may reach by 2024.
45:37
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Quick takeaways
- Small-cap stocks are showing bearish to bullish reversals, indicating potential buying opportunities.
- Lower yields, a weaker dollar, and declining crude oil prices are creating a positive environment for the stock market.
Deep dives
Bearish to Bullish Reversals in Small Caps
There are several small-cap stocks that have shown bearish to bullish reversals, indicating a potential bottoming and a change in direction. Stocks like Trip, Yeti, and others have experienced significant downturns but are now basing and bottoming, showing signs of strength. This trend is not limited to a specific sector, as stocks in various industries have exhibited similar patterns. Overall, these bearish to bullish reversals suggest potential buying opportunities in small-cap stocks.
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