$XLF Financials ETF - Looking oversold on the daily chart after closing red or flat for 8 straight trading days. Ending the day today right at a key support level just under $24. A bounce in the coming days definitely hinges on the FED not raising rates tomorrow . If they do nothing, I expect a near term price recovery in the XLF back to the $25-$26 range by year...
Whats up traders, Most of the explanation is on the chart - pretty self evident what i am looking at.
Stock rally through till early 2018. Choppy price action with range-bound price through remainder of 2018 indicates large volume of shares exchanging hands (in other words, for a better mental picture, larger holders off-loading to more interested but smaller buyers). Expectation is neutral price discovery, with earnings report in January catalyzing subsequent...
Trading in BB3, looks like O/S week so far $XLF
AT40 = 31.5% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 25.5% of stocks are trading above their respective 200DMAs (just off a 32-month low) VIX = 21.2 (as high as 25.9) Short-term Trading Call: cautiously bullish Commentary I have become convinced that 2019 is going to deliver another one of those poor trading starts. The...
Checking in on SPY, QQQ and XLF. SPY and tech sectors looking to test recent weekly supports, meanwhile the financial sector lost that support today and has only the low of October left. In my opinion these supports are must hold levels for the market and the two largest sectors in the S&P500
Seems like we're done with another real estate and stock market bubble, could be a double top on XLF.
SPY closed at the low of the week with only the low of October 259.85 as support, and we are likely to test that level first thing next week. It's clear the MA20 on every timeframe is important for SPY, and both the tech and financial sectors and this has been rejecting every bounce attempt on every timeframe so far. Bears have the momentum on every timeframe;...
Same with previous chart, around Nov.19-21 market should reach the rally target for short.
This took a lot of thought. I hope you enjoy! GLTA...
AT40 = 11.7% of stocks are trading above their respective 40-day moving averages (DMAs) (hit an intraday low of 9.4%, oversold day #3) AT200 = 32.3% of stocks are trading above their respective 200DMAs (intraday low of 30.0%) VIX = 21.3 (a decrease of 14.7%) Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their...
AT40 = 16.7% of stocks are trading above their respective 40-day moving averages (DMAs) (a drop of 14.2 percentage points to an 8-month low and the first day of an oversold period) AT200 = 38.6% of stocks are trading above their respective 200DMAs (a drop of 7.6 percentage points to a 6-month low) VIX = 23.0 (an increase of 44.0%) Short-term Trading Call: bullish...
AT40 = 31.0% of stocks are trading above their respective 40-day moving averages (DMAs) (was as low 28.1%) AT200 = 46.7% of stocks are trading above their respective 200DMAs VIX = 14.0 (was as high as 15.8) Short-term Trading Call: neutral Commentary So much for a small bounce before continuing a decline toward oversold conditions! The jobs report for September...
New bullish credit spread on XLF (financials) for OCT 12! Not this Friday. Solid movement this morning in the market and financials is starting to show strength. Decided to take this move out two weeks to allow for the bottom to confirm and some bullish movement to occur. Entry 27.79 Max profit 28.50 Break even 28.14 0.38:1 risk/reward
AT40 = 41.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary The stock market is stretched yet again based on AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs). AT40...
Nice breakout in XLF the resistance has now become support.