XAR, Aerospace and Defense ETF.
Sadly, seems this is not going to finish very soon.
All my strength and support for those who are being affected by this conflict.
I really hope this end soon, and this chart goes wrong.
This is the 3rd part of our 'Year of the Ox' picks.
On the first episode we looked back in 1961 (the last year of the Metal Ox) and the similarities with today (recovery after recession, then and now!)
The second part was our analysis on the Softer (Yin) Metals, especially Lithium and Nickel.
This third part is focused on Aerospace which is an industry I...
Apologies for the many 'rockets' lately, we have been using the rocket on our Bitcoin chart but originally the rocket things started from and belongs to XAR AEROSPACE AND DEFENCE ETF.
Fundamentally, with the huge amounts being invested in aerospace (and defense), this sector is expected to fly and to thrive.🚀
Our market segmentation analysis has proved to help...
We have been doing so well on AEROSPACE AND DEFENCE ETF and happy to say it has just broken 2 majpr resistance levels in 1 session!
We are keeping our buy positions until it reached record highs and will be keeping an eye on this for the future.. for a long time
Fundamentally, aerospace and defence are industries that have a bright future and are becoming...
Highly Bullish on SPDR SERIES TRUST S&P AEROSPACE & DEFENSE ETF USD.
Space exploration on the rise, space mining in the planning, internet and control from space, defence from space = i am BUYING this like crazy!
So the day ended with #BA sitting very close to what used to be the resistance line (it's now working as support for now). If a sell-off starts tomorrow (which most likely will happen due to option expiry and being a Friday as well other noise), #BA can see itself go down back to 351, which may complete Elliott-Wave #4, before heading back up.
Still LONG on it,...
XAR has lots of weakness, it is in a weak sector & moneyflow is very weak, and the overall market is weak now. Moreover it has a lot of insider selling. On the technical side it is forming a declining neckline head & shoulder formation.
Overall it looks very good short.
You can check our detailed analysis on XAR in the trading room/ Executive summary link...
All indications I see are showing a set up to $177 - 176 zone. Supply has been coming in above $178 and now on approach to $200. I am long LMT. I am taking off a portion of this position Monday morning. I wrapped up early Fri and didn't catch my alert in time even though my #2 Excess Supply signal calculated Friday morning. My first stop is in the $160's. My...