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July starts strong, but often finishes weaker. The week after Options Expiration week – this year starting on the 22nd – can be particularly volatile. July ends the NASDAQ’s best eight months, and starts its worst four months . We will provide notification when the NASDAQ sell signal comes.

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Advance Auto Parts, Inc. ($156.59) – Autos and Parts – AAP returned to a buy signal with a double top break at $158 in Monday’s trading. Despite today’s breakout, the technical picture remains decidedly negative as AAP is an Extremely Low Ranked stock that ranks in the bottom half of the Autos and Parts sector, Read more ➝

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The global macroeconomic environment materially deteriorated in May-June. This was countered by a significant change in monetary policies globally towards an ultra-dovish central banking stance, which led to a breakdown in USD and stealth rally in defensive interest rate sensitive sectors (Utilities and REITs) while cyclicals underperformed. In Q2, our outlook was overweight on Medtech/Biotech with a view that it’s a sector where under-the-radar sustainable growth opportunities can be found irrespective of a macroeconomic slowdown. This view paid off beautifully with incredible returns. We thrive by always seeking answers in the early stages of an investment opportunity or cyclical turn. Our Q3 Macroeconomic Outlook and Top Investment Ideas is available now.

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