This group has had an amazing selloff since they topped out in February of 2021. More than a few babies thrown-out with the bath water.
LOTM mentioned the group previously on May 22, 2022. We suggested this group was in Early Stage of accumulation.
No one in the media is going to drop the Green Flag when the bear market is over. The same is true of the media at market tops. No one waves the checkered flag when the bull market is over. Unless it is a Black Swan event like March 2020, odds are different groups hit their bottom at different times. Same at the tops.
Did you catch that? Know what that means, If the market believes him or thinks he has credibility, the stock market will front run by six months.
Coming back to Genomic stocks. It would seem that the ETFs would be the safest way to play a rally trade in a bear market. After a 15-month decline from high to low The industry seems cheap. Something to consider.
Good Luck!
Written by Tom Linzmeier, editor LOTM
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
To Unsubscribe please select “return” and type Unsubscribe in the subject line.
