XLC has and is still one of the strongest sectors.
this is still one of the most skewed ETF's with META's absurd weighting but nonetheless this pattern is still consolidating on the weekly chart.
There is a lower weekly high we have to monitor right at the top of the resistance channel but with if earnings guidance and revisions are met expect the likes of...
Company: Interpublic Group of Companies Inc.
Ticker: IPG
Exchange: NYSE
Sector: Communication Services
Introduction:
In today's technical analysis, we focus on Interpublic Group of Companies Inc. (IPG), a prominent player in the Communication Services sector, listed on the NYSE. The weekly chart is currently illustrating an interesting Inverted Head and...
Company: Comcast Corporation
Ticker: CMCSA
Exchange: NASDAQ
Sector: Communication Services
Introduction:
Greetings, and welcome to today's technical analysis. We're focusing on the daily chart of Comcast Corporation (CMCSA), highlighting a bullish reversal pattern known as a cup and handle that has formed over 294 days.
Cup and Handle Pattern:
The cup and...
Sector: Communication Services (XLC)
Introduction:
Hello everyone! Today, we're analyzing the weekly chart of the Communication Services Sector (XLC). After a clear downward trend, we observe a potentially bullish reversal marked by a variation of an inverted head and shoulders pattern.
Inverted Head and Shoulders Pattern:
Typically, an inverted head and...
This is a top short target. Keep this name on your watchlist as its been lagging the communications sector.
If the communication sector sees weakness which we think it will, this name will be a relative weakness trade to the downside.
Earnings approaching is the major outlier event.
TMUS is looking very topping heavy on the larger term time frame.
This would align with our thesis that we believe communication and aspects of the tech market are going to see some capital rotation.
If this weekly topping formation is triggered in this chart we will have a high probability trade setup.
Knowing the trend to trade is key.
META has been doing the heavy lifting for the communication sector.
One of the reasons communication sector is the best performing sector year to date is simply because of Metas outperformance.
Once the key moving average intersects it likey will result in a downtrend. Meta bulls have more work to do to stop this.
Looking into all the major sectors of the S&P 500 to see if this breakout can be trusted.
we review all sectors on a weekly basis to provide insights of the overall market.
Most sectors have not broken out & trading at major resistance.
Happy Labor Day Weekend Chart Watchers.
Its been awhile since I last posted anything but I figured this would make for some good conversation. The Communications sector has been the worst performer YTD of all the SPDR sectors. This weekly chart shows that it might be at an inflection point. First, lets discuss the chart. I am a long term investor. I like to view...
I recently tweeted few ETFs that went looking good at the time, one of them was AMEX:XLC .
The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on AMEX:XLC . This trade has the potential to yield a 1:3...
