The S&P 500 Is Back on the Path to New Highs

I spent decades of my life building proprietary systems for Wall Street's elite... It took countless hours to squeeze everything I possibly could out of the financial data. But all the hard work paid off... [Chaikin PowerFeed]( The S&P 500 Is Back on the Path to New Highs By Marc Chaikin, founder, Chaikin Analytics I spent decades of my life building proprietary systems for Wall Street's elite... It took countless hours to squeeze everything I possibly could out of the financial data. But all the hard work paid off... I was able to take an early retirement in the early 2000s. And I planned to spend my days relaxing and playing tennis in Connecticut. Of course, longtime readers know that [those plans soon changed](... The 2008 financial crisis wrecked my wife Sandy's retirement nest egg. And it brought me out of my own retirement... I wanted to help everyday investors like Sandy with the best set of quantitative tools on the market. And in 2011, the Power Gauge was born. Today, our one-of-a-kind system helps thousands upon thousands of everyday investors. And my team and I still spend hours testing, prodding, and twisting to get the most out of the latest available data. But that doesn't mean I'm against making things as easy as possible... Simple indicators are powerful. And the granddaddy of simplicity is flashing a major turning point in the S&P 500 Index today. In fact, this indicator triggers before every long-term "bullish" run in stocks. It's guaranteed to happen based on the math and how the market works. As this indicator happens again, it unlocks the potential for new highs in the S&P 500... Recommended Links: [Huge Gold Prediction @ 10 A.M. ET Today]( Gold has been surging in recent weeks amid growing recession concerns and the fast-approaching deadline before the U.S. defaults on its debt. But according to 50-year gold expert John Doody, whose work is read by gold mining executives and over 40 professional money managers all around the world, most folks are completely missing how to play this situation for maximum wealth protection... and profit potential. [Click here by 10 a.m. Eastern time for details](. [Big 2023 Bankruptcy Warning]( U.S. corporate bankruptcies are now at a 12-year high... but according to the world-renowned forensic accountant who called the 2008 and 2020 crashes months in advance, this surge of bankruptcies is just getting started. In fact, he says there's one popular stock that could go bankrupt in a matter of WEEKS. It's one of his top SELL recommendations today. [Click here for full story](. Folks, we're looking at the S&P 500's 200-day moving average ("DMA") today. When it comes to financial indicators, the 200-DMA is about as straightforward as it gets. And importantly, it helps people answer one of the most important investing questions... Is the price action of the asset I'm looking at trending up or trending down? It's easiest to see what I mean on a daily chart of the S&P 500. Take a look... [Chaikin PowerFeed] This chart covers the past four years. You can see the COVID-19 crash in early 2020, as well as the ensuing recovery. And the blue line tracks the S&P 500's 200-DMA over that span. The indicator's name explains how it works. And as I said, it's as straightforward as it gets... Each point on the blue line represents the S&P 500's average price over the past 200 trading days. This is an incredibly powerful indicator. It allows us to compare the current price of the index with how it has performed in the recent past. Now, the number 200 isn't magical or anything. It just represents about a year's worth of data. And that makes it a "long-term average" of the S&P 500. The important part is that the 200-DMA allows us to see a smoothed-out version of the S&P 500's trend. And that's where this indicator gets interesting... You see, after the COVID-19 crash in 2020, the S&P 500 soared. And as it did, you can see that the 200-DMA pointed up and eventually soared alongside the market. In other words, the S&P 500's long-term trend had serious upward momentum. Today, we're seeing something equally important... Notice that the S&P 500 is once again above its 200-DMA. What's more, after the long-term trend flattened and turned lower throughout 2022... it's starting to point up again. Remember, the 200-DMA represents the index's long-term average. So even a small directional change means a major shift is happening. That's the case today. It might seem simple. But that's the point... For the first time since 2022, the S&P 500's long-term trend is up. And this "bullish" signal occurs before every long-term run higher for stocks. In the end, the S&P 500 is on the path to new highs once again. Good investing, Marc Chaikin Market View Major Indexes and Notable Sectors # Hld: Bullish Neutral Bearish Dow 30 -0.79% 5 22 3 S&P 500 -0.71% 109 297 93 Nasdaq -0.51% 48 41 11 Small Caps -1.06% 440 928 510 Bonds -0.50% — According to the Chaikin Power Bar, Small Cap stocks remain somewhat more Bearish than Large Cap stocks. Major indexes are mixed. * * * * Sector Tracker Sector movement over the last 5 days Energy +2.61% Communication +0.45% Information Technology -0.05% Discretionary -0.89% Utilities -1.42% Health Care -1.46% Financial -2.00% Industrials -2.02% Materials -2.36% Staples -3.28% Real Estate -3.53% * * * * Industry Focus Health Care Equipment Services 28 45 5 Over the past 6 months, the Health Care Equipment subsector (XHE) has outperformed the S&P 500 by +2.22%. Its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #6 of 21 subsectors and has moved down 2 slots over the past week. Top Stocks [rating] ATEC Alphatec Holdings, I [rating] LNTH Lantheus Holdings, I [rating] FIGS FIGS, Inc. * * * * Top Movers Gainers [rating] ILMN +4.05% [rating] NFLX +2.49% [rating] GLW +2.47% [rating] VLO +2.04% [rating] EQT +1.92% Losers [rating] ADI -7.83% [rating] INTU -7.53% [rating] A -5.95% [rating] MCHP -5.15% [rating] BXP -4.93% * * * * Earnings Report Reporting Today Rating Before Open After Close ADSK BBY, DLTR COST, ULTA RL No earnings reporting today. Earnings Surprises [rating] SNOW Snowflake Inc. Q1 $0.14 Beat by $0.09 [rating] SPLK Splunk Inc. Q1 $2.04 Beat by $0.89 [rating] NVDA NVIDIA Corporation Q1 $1.09 Beat by $0.17 [rating] ADI Analog Devices, Inc. Q2 $2.83 Beat by $0.07 * * * * 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. Please note: The law prohibits us from giving personalized investment advice. © 2023 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. [www.chaikinanalytics.com.]( Any brokers mentioned constitute a partial list of available brokers and is for your information only. Chaikin Analytics, LLC, does not recommend or endorse any brokers, dealers, or investment advisors. Chaikin Analytics forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Chaikin Analytics, LLC (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.