Bottoming Action Continues…

Market activity since Thursday seems to be primarily that the stocks that got beat up since mid-january are finding a footing. At the same time War fears are leading to some selling of more mainline stocks.

Here is an aggregate index chart of four of the beat up stocks: KKR, BX, ORCL, and PLTR. They peaked last September and then really started a dive on January 16. Since February 26 they have kind of found a level they can live with.

The rest of the market will need to find its place, many of what I call Climate Tech stocks have during this market restructuring phase since mid-January, provided what appears to me to be some good values that have allowed some good pickups. The stocks and ETF’s that the Model has in this category are: RIVN, QS, SLDP, ALB, JKS, RUN, QCLN, ICLN, ARKK, IGV, SOXL, TECL and AIBU.