I don't normally play high and tight flags in a general bear market, but industrials have been strong since last year, and this company just is kicking butt. Encore wire scores an A) in cash flow, growth, price momentum, and profit health, and a B) in relative value. According to Finbox models, this stock has an upside of 37.3%. And zero debt. Wire and cable....
Caterpillar is on the verge of triggering a bearish topping formation. This stock has been a powerhouse during the rising rate environment. if this market leader breaks down its signaling weakness in the economy and likely the industrial sector.
I noted a while back the bullish look for industrials, despite bearish sentiment in other sectors. XLI began its current bull trend at an intermediate bottom on 9/26/22, and really started a strong uptrend on 11/14/22. It sits well above the cloud on the weekly. XLI is poised to overtake it's 52 week high at 105.23 in the near future. From there, we can look at a...
Discussing all the major weekly trends for each sector.
Discussing all the leading sectors 0:15 XLK 1:40 XLV 3:45 XLY 4:45 XLC 5:37 XLP 6:26 XLF 7:33 XLI 9:00 XLU 10:54 XLRE 12:14 XLB 13:15 XLE
Discussing all the leading sectors and stocks to identify major trends. This weekly timeframe is suitable for longer term investors but insightful for traders.
61.8 % retrace and a successful Gartley reversal retest. Keep on watch for further upside. Along with SOX and XLF, these are green shoots that may lead SPY.
I have no problem with bold predictions, reversals I do well. SOX has historically led out of the gates on reversals. SOX has broken the downtrend, and successfully tested a Gartley retrace. While we still have an Ichy cloud resistance overhhead, I believe the market bottom is in. Will there be another selloff? Likely. However, I believe a new market bottom lower...
AMEX:XLI Possible Scenario: SHORT Evidence: Price Action, Money-Flow, Rejection at 200MA, TP1: 95$ TP1: 92$ PUT option, 16 Sep, Strike 98$ This is my idea and could be wrong 100%.
Raytheon broke out of a Ascending triangle last week. XLI is a sector that looks like its ready to move up.
Chart Pattern/Trend Analysis The main view of this trade idea is on the Daily Chart. The Vanguard Industrials ETF appears to be in a Reverse or Inverted Head & Shoulders chart pattern setup which began developing over the last couple of months. The Left Shoulder is observed around the 182.30 lows in 28th January 2022. The Head of the chart pattern setup is...
I really like this setup here. Deere & Company consolidated for about two years and then moved to the upside for a 120% gain over the next year. Then it rested and digested those gains for about ten months. This week $DE broke out of the consolidation on heavy volume. What I really like about this breakout is the previous week saw heavy selling volume signifying...
XLI following strong bull volume has a clear resistance at the 104.50 level. Quick daytrade opportunity with a possibility to swing based on afternoon momentum.
Materials (XLB) led the sector list for the week, getting a massive boost on Tuesday and Wednesday after the Infrastructure bill passed the Senate. Industrials (XLI) also got a boost from the bill. Financials (XLF) contented for the top spot, gaining from rising Treasury yields that positively impact performance for the sector. However, yields dropped on Friday,...
NYSE:CAT Short - Caterpillar, Inc. - The Double Top Drop This short biased thesis is based on the following factors: A double top that was recently formed and confirmed A Bearish Three Black Crows candle stick pattern followed the second top (of the double top) A large series of dark pool prints totaling around $882M came in on June 25th, all around the...
XBI 20D channels listed in the white uptrend lines Falling Wedge Breakout (orange Lines) C&H Breakout confirmed on the 2D charts Trending above all EMA's Short term PT is $152 within the next 60-90 days. GL!
Details in photo. I like to keep things simple. Will wait for bullish candles above the 50 ma on the 15 minute timeframe before entry. Not advice...
It was a mix of defensive sectors and growth stocks at the top of the sector list this week, while the cyclical sectors took a step back. Real Estate (XLRE) led the sector list, continuing to gain on a solid housing market, higher rents, as well as a defense against potential inflation. Health Care (XLV) also rallied this week, ending the week in second place...