Weekly Playbook

Alpha Insights | Aired 2021-10-12 Jeff highlights that the S&P 500 appears to have topped on September 2nd at three degrees of trend, or more. If his analysis is correct, then a series of first and second waves are setting-up a third-of-a-third wave decline in the days immediately ahead. A sustained recovery above the September 23rd high of SPX 4466 would negate this view, and upgrade the alternate count to preferred status. Time for caution! He takes a deep dive into Financial and Energy stocks this week. Charts: (2:32) 2021 Cycle Composite, (5:01) Potential Paths for the S&P 500, (6:43) Preferred Elliott Wave, (8:04) Alternate Elliott Wave, (9:18) S&P Breadth, (10:49) S&P 500 Momentum, (13:09) Investor Sentiment, (14:23) Rising Rates Bearish for Equities, (16:35) Sector Leadership, (18:00) Sector Rotation, (19:12) Top Actionable Trade Ideas, (19:32) Lincoln National, (20:27) ConocoPhillips