Folks, the broad market S&P 500 Index is only about 4% away from making a new all-time high... And there are lots of "bullish" opportunities now. Power Gauge subscribers have seen the change happen in real time.

Beware This Underperforming Sector Right Now By Vic Lederman, editorial director, Chaikin Analytics Folks, the broad market S&P 500 Index is only about 5% away from making a new all-time high... And there are lots of "bullish" opportunities now. Power Gauge subscribers have seen the change happen in real time. Today, six of the 11 top-level market sectors earn a "bullish" or better rating. And only four earn a "bearish" rating. But one sector in particular has been struggling recently... Over the past three months, it has tumbled about 10%. And based on the exchange-traded fund ("ETF") that the Power Gauge uses to measure this sector, nearly all of the holdings are in "bearish" or "neutral" territory. Let's take a closer look today... Recommended Links: Here's What You Missed Yesterday Two financial legends have made the same big prediction for June 2. A new AI stock could make you 1,000% with a chip 50 times faster than Nvidia's. Watch them unveil and demonstrate a historic AI breakthrough that could soon replace the Magnificent Seven, cause a bigger crash, and create a new order in the market. See it here (includes three free recommendations). Is It All Over for Elon Musk? Elon Musk is officially stepping back from his day-to-day duties with DOGE. At least, that's the story the mainstream media will tell you. The reality is very different. See, Musk and President Donald Trump have been planning for this moment since January. They've even lined up a replacement (a billionaire connection of Musk's) to bring the DOGE operation to its final, logical conclusion. It's going to reset how our government works in a permanent, irreversible way... And it could have a major impact on how you collect Social Security, pay your taxes, and collect benefits from the U.S. government. Everything you need to know is right here. Energy Stocks Are Struggling If you've been paying close attention to the markets recently, you might have guessed that I'm talking about the energy sector. It all starts with the defined downtrend of oil prices. You see, oil prices peaked in 2022 at nearly $124 per barrel. But today, a barrel of oil is trading for about $60. Put simply, this is a massive drag on the industry. And we're seeing that play out in real time. Oil and gas equipment provider Baker Hughes (BKR) measures "rig counts." These are effectively active oil-production sites. It might surprise you to know that these numbers fluctuate a fair bit. After all, folks tend to think of the oil industry as a giant profit-generating machine. But the reality is more complicated. Some rigs cost more to operate. And all of them have their breakeven points. Sometimes, it's better to just shut a rig down rather than operate it. Or it might mean that building new rigs just isn't worth it at the current price of a barrel of oil. That's exactly what we're seeing today... U.S. rig counts peaked in December 2022 at 784. Today, that number stands at 576. That's a nearly 27% decline. Less rigs mean less money for just about everyone in the business. So it's no wonder why the energy sector is suffering in the Power Gauge... In our system, we measure this top-level market sector with the Energy Select Sector SPDR Fund (XLE). This ETF holds industry giants like ExxonMobil (XOM) and Chevron Corporation (CVX). Take a look at XLE on the chart below... As you can see, XLE has been in "neutral" or "bearish" territory for most of the past year. Importantly, when you look at the relative strength panel below the chart, you'll see that it has also underperformed the S&P 500 for much of the same span. As XLE moved higher in March, it did turn "bullish" in the Power Gauge for a few weeks. And it showed some outperformance against the broad market. But by now, that has changed... Remember, the broad market isn't far from a new high. However, the energy sector isn't recovering. Today, 12 stocks in XLE earn a "bearish" or "very bearish" rating. Another 10 are in "neutral" territory. And only one stock earns a "bullish" or better grade. Now, we all know that oil prices – and the energy sector in particular – will turn around eventually. But right now, the Power Gauge is flashing caution. Folks, there are lots of new opportunities in this market. But now is the time to be buying into strength. So when it comes to putting new money to work, I'll follow the Power Gauge's lead on energy stocks. Good investing, Vic Lederman Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -1.93% 8 15 7 S&P 500 -1.69% 96 266 137 Nasdaq -1.39% 26 58 16 Small Caps -2.81% 370 1022 493 Bonds -1.71% — According to the Chaikin Power Bar, Small Cap stocks and Large Cap stocks have turned somewhat Bearish. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Consumer Staples +2.68% Utilities +2.47% Health Care +2.18% Materials +0.77% Industrials +0.51% Communication +0.18% Real Estate +0.07% Financial -1.28% Consumer Discretionary -2.06% Information Technology -2.07% Energy -3.75% *  *  *  * Industry Focus Retail Services 13 45 18 Over the past 6 months, the Retail subsector (XRT) has underperformed the S&P 500 by -4.16%. Its Power Bar ratio, which measures future potential, is Weak, with more Bearish than Bullish stocks. It is currently ranked #14 of 21 subsectors and has moved down 4 slots over the past week. Indicative Stocks AAP Advance Auto Parts, ASO Academy Sports and O VVV Valvoline Inc. *  *  *  * Top Movers Gainers GOOG +2.87% GOOGL +2.79% CF +1.63% CME +1.39% CBOE +0.96% Losers FICO -15.74% AES -9.88% MRNA -7.82% PSX -7.54% PANW -6.8% *  *  *  * Earnings Report Earnings Surprises TGT Target Corporation Q1 $1.30 Missed by $-0.35 SNOW Snowflake Inc. Q1 $0.24 Beat by $0.03 ZM Zoom Communications Inc. Q1 $1.43 Beat by $0.12 MDT Medtronic plc Q4 $1.62 Beat by $0.04 LOW Lowe's Companies, Inc. Q1 $2.92 Beat by $0.04 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at STEVENMAGALLANES520.NIMS@BLOGGER.COM. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. 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