A overview of the individual sectors within the S&P 500 which help to provide an indication on where the broad market is likely headed in the coming months. Following a brief overview of the SPY, the following ETF are covered in this order: XLF, XLE, XLV, XLK, XLY, XLP, XLU, XLI, XLB, XLT, XLRE & [...]
The following short trade ideas have exceeded their maximum suggested stop or reached their final profit target & have now been moved the Completed Trades category, along with all related posts to be archived indefinitely for future reference. Updated charts for each trade below. EXR- Exceeded the maximum suggested stop of a move over 90.25 [...]
The XLV (Health Care ETF) short trade has hit T2 (69.20) for a 4.4% gain. Consider booking partial or full profits and/or lowering stops, depending on your trading plan. T3 remains the final target for now. XLV daily June 24th
Upon further review of the charts, I have decided to add one additional price target to the XLV (Health Care ETF) at 70.64, which will be the new first target with the previous targets resequenced as T2 & T3. The suggested stop remains any move above 73.40 for now although it might be prudent at [...]
This video takes a comprehensive look at the diversified U.S. stock indices as well as many key sectors of the U.S. market. These index & sector ETFs are discussed in the following order: SPY, QQQ, IWM, XLF, USO, XLE, XOP, XES, XLV, XBI, IBB, PBE, XRT, XLP, XLU & GDX.
XLV (Healthcare ETF) offers an objective short entry here following the recent wedge breakdown & backtest + divergent high. Although additional price target might be added, depending on how both this trade & the broad markets trade going forward, at this time the only two price targets are T1 at 69.20 & T2 at 68.66. [...]
This video lays out the case for a broad-based correction in the US stock market reviewing the charts of the following sector ETFs in this order: XOP (futher expanded on with a discussion of the follow top components: XOM, CVX, COP, OXY, PSX) followed by GDX, XBI, XLY, XLF, XLP, XLU, XLI, XTL, XLK, XLB, [...]