This sector is the biggest in the S&P.. Msft and Apple represent 50% of the weight in this sector.
Fridays rally pushed us up right against channel resistance again.
Apple got rejected at its 200 daily sma.
Minor possible bear flag showing in yellow.
looking for $xlk index to continue bullish momentum into next week and at least hit B leg. Notice the rising bear flag into the previous highs. I would like to be out before the apex complex and give way to another direction or even if a continuation direction. Price action expected to move to $140 area. There is a base building, and likely will need a handle to...
As per reports coming out from IMF, Bank of Finland, JP Morgen Chase and many others, the situation is not going to be better in 2023.
The FED QT seems to worsen the situation, and counter-effect may be faced with stagflation.
The last IMF report is talking about more difficult economic situation in 2023/2024 with IR coming down around 4%, but unfortunately this...
Each leg of the decline in XLK looks like 3 waves. As such, the entire drop is considered a 'triple 3' correction (zigzags subdivided by X waves). Do you see something different? Let me know. -Jamie
The technology sector has played a leading role in powering the market's gains over the past couple of decades. Tech's ability to shape almost every industry means the sector remains one of the best starting places for investors seeking big gains, even during this bearish market.
My top pick for this sector is MNDT, a cybersecurity disruptor that is a winner...
I would consider this a C trade.
Here's why
Cons
1) the stop is far ,
2) missed the little pop at the end of day , could have had a slightly better stop vs entry distance ( I did enter in final 30 min per my
rules , however ...)
3) we have not cleared the range, big bars are common in ranges .
4) LL , DB , MTR could be a possibility , would have rather...
Inflation has peaked, but maybe not.
a 0.75 hike is incoming, but maybe not
recession is coming, but maybe not
Too much fear and agenda. Reality is not that frightening
