Change in leadership from tech (growth) to financials (cyclical)
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Short 100 $CFG Long 114 $FITB Mean Reversion Time: 16 Trading Days
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Short 100 $CFG Long 114 $FITB Mean Reversion Time: 16 Trading Days
Energy (XLE +17.11% WoW) was the clear winner of the week. Straight out of the gait, Energy benefited from the news that an effective vaccine could be available soon. The Energy sector would benefit from the economic recovery of several of sectors including Transportation, Travel and Leisure. Financials (XLF +8.29% WoW) followed in a distance second. Banks have...
Looking for an entry above 25.63 with T1 @ 29 and T2 @ 32. Would consider Stop loss at 24.47
When comparing tech focused ETFs/indexes, namely $NDAQ and $XLK, we can see that $SPY has recently been outperforming them. My theory is that this is an unusual case and a sign that tech stocks are near tops. Given that I did not receive the dip I wanted, I have difficulty putting on a short position on tech. There is also the factor that the highs have not been...
Above 25 tends to lead to increased momentum in the short-term.
This week it was all about Communication Services (XLC) with the positive earnings beat from Snap (SNAP) driving growth in many of the social platform company stock prices. Utilities (XLU) continues to be a safe bet for investors as a sector that is consistently performing well over the past few weeks. Financials (XLF) also had a great week as bond yields are...
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $HBAN Short 75 $RF Mean Reversion Time: 14 Trading Days
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $HBAN Short 75 $RF Mean Reversion Time: 14 Trading Days
Looking for short entries. Above 46 would be stop loss. Citigroup is a very weak stock compared to the market so it is a good short hedge against other long positions. Expecting it to re test recent lows.
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $ICE Short 73 $TROW
Quantamental Tools for Proprietary and Retail Investors. Statistical Arbitrage Opportunities Delivered to Your Inbox. QuantChart. io Long 100 $ICE Short 73 $TROW
SPX with a key back test of the 3389 level overnight as it's trying to break up over the 3411 level. If it can over 3411 it should trigger a test of the key 3425 level. This is a key level from our double top back in September. SPX is opening stronger than NAS and this is mainly because of energy and financials. If energy and financials are able to join this...
AMEX:XLF has seen some channel trading from 2018 too early this year. Finding its range peak in February of 2020 it crashed hard and has been working it's way up since. In red and green (A-D) are the main support and resistance levels and I have noted on the MAC-D where price has reversed, and also accounted for some major financial events such as the Chinese...
Here are the sector winners and losers for this week. XLK (Technology) was up and down as it took the Nasdaq for quite a ride. XLF (Finance) was down from the beginning of the week due to news of suspicious transfers not being blocked by large international banks. XLE (Energy) continues to be a loser despite the increase in crude oil prices. Good to keep an...
Picture perfect chart here. Only 4% between following key levels: - Support line has been tested 5 times & now coinciding with 50 dma - Resistance line has been tested 2 times & has been coinciding with 200 dma Daily RSI convergence confirming price action While in the middle of those support / resistance lines, 2 major dma's, we are also stuck between the 50 &...
My idea on Banks coming up. For some reason i believe Banks like JP and GS will do well coming up. And believe while techs take a break possibly and even some names retreat , Financials will have to step in and save the day with MKTS. GOOD LUCK TO ALL