Why You Should Get 'Back to the Basics' in This Market

Whether it's in sports or life, I often use the phrase "back to the basics" to help me... [Chaikin PowerFeed]( Why You Should Get 'Back to the Basics' in This Market By Pete Carmasino, chief market strategist, Chaikin Analytics Whether it's in sports or life, I often use the phrase "back to the basics" to help me... Take golf, for example. If you play the game, you know what I'm talking about. And even if you don't, it's simple... When things go bad, they go bad fast. Poor posture, bad balance, opening the club face as you hit the ball, swinging too hard... I think you get the picture... Any number of little changes can throw your golf swing out of whack. Heck, everyone who plays the game has likely dealt with problems like "slicing" from time to time. On the golf course, I see folks mentally break down all the time. But getting mad or frustrated weakens your technique. You need a simple plan to save your game. If a golfer takes all the nuances out of his swing, it's often easy to turn things around. When I run into trouble, for example, I just try to hit the ball straight and on target. I don't think about any of the other things that could be going wrong. In other words... getting back to the basics is the recipe for success. In golf, it's all about the fundamentals and making sure your technique is on point. It's a lot like our way of looking for opportunities at Chaikin Analytics. We want to find the best combination of fundamental and technical indicators to pick the right stocks. No matter whether we're talking about sports or life, things don't always go as planned. How you react to the problem is what matters most. And it all relates to the current market environment... Recommended Links: ["The Strongest BUY Recommendation of My Career... Just Got Even Better"]( The third of three major profit catalysts is poised to ignite a buying frenzy around one specific asset class. That's why the senior analyst behind 80 triple- and quadruple-digit winners is calling this the strongest buy alert of his career to date. [Click here to learn more](. [Wall Street legend reveals his No. 1 secret]( He started out on the trading floor in 1966. He was there for the oil panic in '73. He watched the market crash in '87. He was trading the day the planes hit the World Trade Center. One of his tools is even hard-coded into every Bloomberg terminal. [And today, he's sharing the single most valuable system he has ever built](. A lot of investors worry that the bull market has gone on too long. Or they fear that it's running too high, too fast. After all, just look at this chart of the S&P 500 Index since the October 2022 bottom... [Chaikin PowerFeed] We're in uncharted territory. Stocks have just kept running higher and higher. And market cynics have plenty of reasons to feel the way they do... Higher interest rates have lingered for longer than expected. That might hurt corporate profits. Donald Trump could beat President Joe Biden in November. If that happens, Trump might make a lot of policy changes. And the markets could react violently one way or another. Meanwhile, the U.S. government is more than $34 trillion in debt. It feels like our politicians are printing money every minute. None of these worries are off base. But in the end, I want you to understand one thing... Don't overanalyze what's going on. Doing that will give you "analysis paralysis." Take it from someone who has been down a lot of rabbit holes. It's a waste of energy. The bull market is still a bull market until it isn't. You don't want to miss out on the upside of stocks because you're scared of something that might happen. Instead, consider cutting underperformers to free up cash for stronger ideas. The prudent thing to do is to get back to the basics... In a bull market run like this, you want to let your winners run. And cut away the losers. Don't get bogged down in the details. Good investing, Pete Carmasino Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 -0.23% 6 17 7 S&P 500 -0.12% 115 298 84 Nasdaq -0.09% 26 53 21 Small Caps -1.16% 400 1081 416 Bonds -1.82% — According to the Chaikin Power Bar, Small Cap stocks have become somewhat more Bearish than Large Cap stocks. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Information Technology +2.59% Health Care +1.9% Communication +1.37% Discretionary +0.96% Staples +0.41% Real Estate -0.21% Financial -0.38% Industrials -0.96% Materials -1.9% Energy -3.44% Utilities -3.82% * * * * Industry Focus Health Care Services 8 33 19 Over the past 6 months, the Health Care Services subsector (XHS) has underperformed the S&P 500 by -9.37%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #16 of 21 subsectors and has moved up 1 slot over the past week. Indicative Stocks [rating] OPK OPKO Health, Inc. [rating] BKD Brookdale Senior Liv [rating] MODV ModivCare Inc. * * * * Top Movers Gainers [rating] APD +3.64% [rating] ABT +3.17% [rating] LVS +3.11% [rating] MMM +2.69% [rating] COF +2.52% Losers [rating] ENPH -7.22% [rating] NEM -5.04% [rating] SHW -3.98% [rating] FCX -3.86% [rating] CTVA -3.68% * * * * Earnings Report Reporting Today Rating Before Open After Close No earnings reporting today. Earnings Surprises [rating] GME GameStop Corp. Q1 $0.22 Missed by $-0.08 * * * * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, [click here](. You’re receiving this e-mail at {EMAIL}. For questions about your account or to speak with customer service, call [+1 (877) 697-6783 (U.S.)](tel:18776976783), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. 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