KRE (Regional Banking Sector ETF) is playing out as predicted in Friday's post so far with in impulsive move down close to the first bounce target (blue TL) so far today, down nearly 5% on the day. Still unsure of just how far the likely bounce off the 50.15ish support level will run although that [...]
An overview of the US stock market as well as the sectors that comprise the S&P 500 in addition to my preferred trading strategy & several trade ideas that look poised to outperform the broad market.
The following notes & chart outline the entry criterion, price targets & suggested stop for a swing trade on KEYS, Keysight Technologies Inc.
As expected, NIB (Cocoa ETN) continued right on through T1 in the wake of yesterday's impulsive bull flag pattern breakout, with NIB gapping up today to hit T2 for a relatively quick 7% profit. The move following the breakout of a bull flag continuation pattern is often as impulsive as the move leading up to [...]
Members @ww0987 & @Ruben had requested an update on the semiconductor sector. XSD (SPDR S&P Semiconductor ETF) has been clinging to the bottom of this large rising wedge for weeks now & but has yet to confirm a sell signal with an impulsive breakdown & solid daily close below the wedge although best to wait to [...]
NIB (Cocoa ETN) has hit the first target for a relatively quick 4.6% gain & appears likely to be headed to T2 very soon. As expected, NIB has taken out the 25.62-25.72 resistance zone with an impulsive move following today's gap & breakout above the 60-minute bull flag continuation pattern. This opens the door for [...]
Consumer spending accounts for more than two-thirds of U.S. economic activity. As this 11-year comparison of XRT (SPDR S&P Retail ETF) vs, the S&P 500 shows, the stock market & the retail sector historically move in near-perfect unison, with any divergence between the two very rare and a potential warning sign as was the sharp [...]