Technical analysis on the US stock market & select sectors as well as some trade ideas that stand out at this time.
A brief overview of the US stock market followed by several swing trading setups that stand out at this time. Discussed in the following order are: The US equity markets via $NDX, $NDX-E & SPY;the Oil & Gas Equipment & Services sector via XES, SN, WFT, SWN, TTI, FTK, TESO & PKD; Wheat via WEAT & /ZW (wheat futures); followed by a potential trade setup in CMCSA (Comcast Corp). Some recent bullish developments in the cannabis sector is also mentioned with that sector to be covered in a separate video soon.
Technical analysis covering the energy sector via XOP, XES & several energy stocks that stand out as potential trade ideas at this time.
As one of the largest sectors in the S&P 500, where the energy sector goes in 2013 will have a significant impact on how the overall stock market performs. As shown on some of the recent static charts, this key sector appears to be at an important technical juncture. This video covers the charts of the energy sector as well as some of it's key components and a few attractive trade/investment candidates including the XLE (energy etf). Regarding the sector as a whole, I do my best to present both the near-term and longer-term bullish and bearish scenarios. Also covered are [...]