As you can see in the chart, we are now testing the 10sma, which is lined-up coincidentally with the previous highs from early june. We could potentially see the industry reach and fill the gap made late february. OBV is supportive of the trend. RSI(14) = 67.8
Neutral / Range Bound forecast for the week. Likely down and then up, ranging in the shown area. Selling short term premium on either side of range.
XLV pulled back sharply largely to do with a knee-jerk reaction to the Dems ‘Medicare for all’ (ie Europe-style government health service). Contrast this to the general Dec 2018 market collapse, and we see - a 7.2% W1 rise - a 50% W2 pullback - a W3 repeating the move, and running to the 1.618 fib The price carried on after December, but just anticipating a...
Real Estate sector has shown to be safe haven and not oversold sector to other stock sectors, which were way oversold to value. I give thanks today for understanding enough, but still expect growth here. Mid-term stocks usually do well in ensuing 6 mo. period, however during bearish times a safe haven is a consideration. If you have another sector, make...
I am expecting XLE to contest 95 Q2 2019. With the weekly flag and early signs of push beginning I expect this sector to continue to strengthen and be a much stronger pick next year.
Materials and Finance both started the week flat, moved up for a couple days, then remained steady on Friday while the US and World markets were down. If the US and World indexes are up next week I expect much from these two! Real Estate and Consumer Staples (Non-Cyclical) were the clear Sector losers taking back all the gains they made early in the week to...
Finance and Industrial looking BEAR lately! Going down more than the market since mid December, 5-6% more to drop until next support levels from late November. ******************** Hershey's CoCo Indicator details: Very Bull = Blue Arrow = Sector and Market prices are up, Sector price up more Bull = Green Arrow = Sector and Market prices are up, Market price...
I got Real Estate and Utilities mid-term bull... beating the market in daily upward price movement since mid November. Real Estate still has 12%+ until it hits next big resistance from last August. Utilities have 8%. ******************** Hershey's CoCo Indicator details: Very Bull = Blue Arrow = Sector and Market prices are up, Sector price up more Bull = Green...