The August Outlook For US Stocks

Some Key Charts To Watch

It’s continues to be a relentless and wildly positive market environment for those who keep buying stocks and I hope my work over the last few months has continued to serve you in a positive way.

Bears are being flattened and taken out to the wood shed for the most part, and the market’s now just a few percentages away from testing all time highs across multiple indexes.

Look at the breadth expansion we’re seeing in the S&P500.

S&P500 Index ETF (SPY)

We’re seeing massive moves under the surface, and it’s not just in technology.

Some notable July numbers so far:

• Chinese Internet +17%

• Online Retail +11%

• Oil & Gas +9%

• Steel +8%

The rotations we’ve been banging the drum on are continuing to play out with some out-sized performance also coming from of the beaten up areas.

This month, I’ve laid out a bunch more charts and data via our YouTube Channel this weekend and I hope you find value from it.

Have a great weekend.

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