200sma has been a strong resistance since the March drop. The red circles show 4 times trying to get to it. Placing fibonacci retracement lines shows confluence with a support level (green rectangle from late June --> early July) The 20sma crossed below the 50sma on September 27th. (Bearish signal trend model) Also, if we close at the current price, we are...
Technical 20sma is being supportive, but it is recommended to keep your stops somewhat below the average. A close below $190 would be a bearish warning. The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market. Fundamental While the white house...
XLF seemed to avoid selloffs on Thursday/Friday where the rest of the market couldn't. Looking for further confirmation Tuesday/Wednesday 9/8 & 9/9
Breaking down through support, this is what kept me out of trading PFE to the long-side even though it looked bullish. With the elections coming up and democrats leading the polls, I'd stay away from pharma and insurers. Lean towards medical devices if you need healthcare exposure.
I am surprised myself, Plantations takes precedence, followed by Technology and lastly, Construction.
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.
Market forecast is Midterm Neutral - Shortterm Bearish Bullish Sectors are: Healthcare and Energy Bearish Sectors are: Consumer Staples Financials and Tech
Pick Healthcare stocks at the bottom of their range with you favorite buy signals.
Pick Energy stocks with good setups/fundamentals/technicals. Possible time to enter Energy sector for long term holdings. Will likely do well through market tumult.
Square, NYSE:SQ , hasn't performed nearly as strongly as the rest of the market that has just about surpassed their previous highs from the lows of late 2018. Other stocks in the Fintech space, such as NASDAQ:PYPL , NYSE:V , NYSE:MA , and NASDAQ:INTU have been extremely strong, already making all-time highs. Square is a clear industry laggard, with a lot of...
S&P 500 sectors performance analysis...