Market review 23.10.22

A focus on the Intermarket

Hello everyone,

In last week’s post, I focused on the energy sector and how it stands out as bullish based on leadership, price charts, and positioning data.

We can include breadth in that discussion: energy is the sector with the highest % of its components above the 50- and 200-day moving average.

Today, I want to build on the energy trade by looking at…