Healthcare has been a leader YTD, as it has the defensive nature and is gaining momentum on the spread and containment of the COVID. Also, negative sentiment of the healthcare sector regarding the opioid crisis (which seems like a long time ago now), and politicians creating regulations for insurance reform; has now subsided.
Inside the XLV, IHI (medical devices)...
The 3 leaders YTD have been (in order): Utilities, Healthcare, Staples; which happen to be the 3 most defensive sectors, who tend to outperform during a recession...
Inside the utilities sector, the Water industry is the leader.
CWCO has a beautiful looking chart, setting a strong support after making a double-bottom, which immediately after, made a bullish...
JNJ broke its 200sma this Wednesday, November 20th.
*For more technical analysis information on this event, check in "related ideas" or click here:
There was a short-term resistance as the trade range was still inside the triangle (check chart).
JNJ has breached its 200sma resistance, to enter "channel 1".
I would wait 2-3 closes inside the channel above the 200sma to enter a position.
Profit-exit ---> $144.2
Stop-loss ---> $133.19
Approximate RRR ---> 3:1
TLT has outperformed SPX by roughly 6% at time of writing. Many factors: FED cushioning rates, yield chasing by entities in negative-yield countries, fears of global slowdown, escalating trade war, and the perceived invincibility of U.S. markets.
There could be a seriously nasty rate spike within the next 2 years. As yields drop there is less incentive for...
VTR is real estate investment trust (REIT). The technicals are great (check chart).
Generally after an inversion in a yield curve , the following sectors tend to outperform the market:
XLRE (Real Estate)
XLP (Consumer Staples)
The following tend to underperform :
Enphase Energy is gaining momentum as it continues to defy the overall bearish sentiment of the stock market. It gapped up on High Frequency Trader action recently, and is continuing an upward trajectory.
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...
1. Market is supported by long term trend line on Weekly Chart.
2. RSI rebounded from support zone, which corresponds to previous rebound from trend line support.
3. Break out of consolidation phase, now trending higher.
4. Sharp price rejection at 120.00 level, which is a 50%...
If the pattern holds, IRBT will turn down to around $102.09 before beginning an upswing again. The RSI is right for this scenario, and the anticipated drop in price before the earnings report on Oct. 23 would indicate a final drop within the next couple of days, followed by a holding pattern until earnings, before turning up.
However, I don't...
FUD is nothing new, but in recent weeks cryptocurrency trading has been increasingly tough. Bull markets rarely ever teach us anything as nearly everyone makes money in Bull markets. Every coin is seen as either a great project today or the future coin of tomorrow. Projections and promises of these projects tend to be high; and so tend to be their price. Even...
This stock came into my radar when banks started tanking and V has been consistently outperforming the market SPY and dishing out great earnings. We have a nice trend NEVER have we taken out significant support . But I don't have trade location so I won't go long any time soon. the price action looks like weak holders can easily be shaken out causing volatility...