XLI reversed at the expected Fib level. Expecting the advance to halt below 76.
Tag: Sector
XLI Typical Weekly Top
Worth noting when s stock makes a weekly triple top spread over 16 months, with similar structures.
SMH Key Levels
SMH plays Fib levels pretty well, entering an area of serious congestion. Expecting at least a 50% retrace to 109, will be an attractive buy at some point
Market Summary – April 18
New strategy, market still neutral daily, bullish weekly.
XLB – Another 3 Day Oreo
XLB charts are quite bullish, long term outlook looks good to clear resistance around 61 but this doesn't look like the optimum time to buy
SMH
Strongest sector at the moment, price target of 125, buy on pullback.
Market Summary – April 16
Market still bullish with the exception of XBI and XLV. Seasonality is a positive. Some technical deterioration is a concern.
Market Summary, April 15
Later strength after earlier weakness. Still quite bullish overall, XBI and XLV are weak.
XBI
One of the weakest sectors at the moment, decent support at 87-88 but that is $2 below where it is.
KRE
Buy Signal on both daily and weekly charts, Quirky, Mildly bullish
