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Welcome to our weekly newsletter where we provide an overview of the main US and UK indices, along with analyses of selected assets that are outperforming the market.

Let’s get into this week’s newsletter!

US & UK INDICES OVERVIEW

This week the S&P 500 declined 0.1%, to close at 5460. Muted performance was also seen in the Nasdaq 100 and Dow Jones Index. On a monthly basis, June proved another excellent month for the S&P 500, with a gain of 3.5%. Year to date the S&P 500 has gained an impressive 15.4%. Similarly, the Nasdaq 100 also performed well in June with a gain of 6.2%. Both indices created all-time highs.

As a result, the bullish momentum in equity markets remains strong. The S&P 500 has surged 32% since the low in October 2023 and 55% since the low in October 2022.

We continue to see individual stocks perform well. Our portfolio currently comprises over 20 US stocks, including LLY, AMP, META, NVDA and MCK. We have compounded these assets on multiple occasions, resulting in excellent profit for our Phoenix community members.

The FTSE 100, the UK’s premier index, bucked recent weakness by gaining 1.1% over the week, to close at 8238. Following a breakout above the all-time high in April, price has been bullish. As a result, we are now actively looking for opportunities.

OUTPERFORMING ASSET FOR THE WATCHLIST

Boston Scientific Corporation – BSX

Boston Scientific Corporation (ticker: BSX) is a biomedical/biotechnology engineering firm and multinational manufacturer of medical devices. The company is best known for the development of a drug-eluting stent which is used to open clogged arteries. The company is listed in the S&P 500. In 2023 it generated over $14 billion in revenue, and employs over 48,000 staff worldwide.

BSX is a stock with an excellent history of trends, particularly between 2013-2019. This pedigree gives us confidence that the stock has the potential to continue to trend in the future. Between 2020 – 2013 the stock was in a large range of consolidation. However, in March 2023 price broke out of the range and has since been bullish with a gain to date of over 65%. Price has been particularly impulsive in 2024.

BSX concluded the week at $77. On the weekly time frame, MMC continues to trade above both the 50 and 200 SMA. The Sublime trend filter, our proprietory is green, aligning with the bullish sentiment.

Whilst on the daily time frame, the Sublime trend filter also continues to signal green, consistent with the longer-term trend perspective. Following a gap up on 24 April, price is using the 20 SMA as support.

Looking ahead, the next area of potential resistance is the $100 round number. In summary, this is a high pedigree stock we will continue to share opportunities with our Phoenix community members.

OUTPERFORMING ASSET FOR THE WATCHLIST

Republic Services Inc. – RSG

Republic Services, Inc. (ticker: RSG) is a provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. The company operates through collection operations, landfill operations, transfer station operations and recycling operations segments.

RSG has a history of linear trends, including between 2014 and 2020, and 2021. More recently, commencing in November, price has been bullish with a gain of 31% and an all-time high.

On the weekly time frame, the price continues to trade above both the 50 and 200 SMA. Our proprietary tool, the Sublime trend filter, remains green and the moving averages are aligned.

Whilst on the daily time frame, the Sublime trend filter is also green. Price is trading above the 20, 50 and 200 SMAs, and the moving averages are also aligned.

Looking ahead, the next area of potential resistance is at the $200 round number. A continuation pattern above the all-time high could present an opportunity for our Phoenix community members to invest in a strong trending stock.

Looking Ahead

We believe the bullish trends in US equities will continue. Our multiple positions are benefiting from this momentum. As always, we will let price action guide our next move.

At Sublime, our unwavering commitment lies in conducting thorough analysis based on objective data and factual evidence presented in the charts. By adopting this approach, we aim to provide valuable guidance to our esteemed Phoenix community, collectively exploring opportunities that hold the potential for long-term, profitable trades.

Keep it simple. Keep it Sublime.

The ST Team

P.S. Answer 21 rapid-fire questions about your investing approach and then as if by magic, we will give you recommendations that are right for you and you’ll unlock your FREE Bonuses that will improve your investing results over the next 3 to 5 years.






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