Happy Labor Day Weekend Chart Watchers. Its been awhile since I last posted anything but I figured this would make for some good conversation. The Communications sector has been the worst performer YTD of all the SPDR sectors. This weekly chart shows that it might be at an inflection point. First, lets discuss the chart. I am a long term investor. I like to view...
AT&T Inc. ( NYSE:T ) Sector: Communications (Major Telecommunications) Market Capitalization: $148.907B Current Price: $20.80 Breakout price: $21.40 Buy Zone (Top/Bottom Range): $20.50-$18.45 Price Target: $21.60-$21.80 (1st), $23.10-$23.50 (2nd) Estimated Duration to Target: 132-137d (1st), 286-299d (2nd) Contract of Interest: $T 10/21/22 20c, $T 1/20/23...
Top 10 components are $FB $GOOGL $GOOG $T $VZ $CMCSA $CHTR $DIS $TMUS $NFLX
I recently tweeted few ETFs that went looking good at the time, one of them was AMEX:XLC . The ETF look much healthy and attractive now, the price managed to come back above the 200EMA and now it's above the 50EMA. This means that the uptrend is still intact, and for that reason I'm taking a swing trade on AMEX:XLC . This trade has the potential to yield a 1:3...
I think we are at a key support level. I want to see bullish candles in this zone for a retracement to previous high. Oversold as well. Will this fire burn out soon? More specific details in photo!
1.EMA's crossing up soon? 2. Price currently oversold? 3. Price bouncing off support? 4.Can price break through top dotted line? 5.If price breaks bottom dotted line, new support can be searched for? (Average down?)
Facebook has tested the 50sma at least 4 times since March 2021. Transposing the past trends from the 50sma to today's action we get several targets for taking partial profits. OBV is still in a supportive uptrend, however, RSI has reached its worst level since mid-March at 43. Very clear opportunity to enter a position now around the 50sma. If the price...
Materials (XLB) was the top sector of the week as manufacturing and core durable goods data showed increase demand and was confirmed in consumer spending numbers. The growth in the sector was matched by increased prices in metal commodities required to support economic expansion. Energy (XLE) started the week strong and led several days throughout the week, but...
Utilities (XLU) dropped to the bottom of the sector list after leading in the previous week. It was all about Growth stocks this week as investors put off fears of the economy and looked forward to record earnings reports from big tech. Communication Services (XLC) led the week thanks to huge earnings beat by SNAP and Twitter. Consumer Discretionary (XLY) and...
The sectors ended the week in a very character than they started the week. None of the leading sectors early in the week were leading by the end of the week. Financials (XLF) started the week in first as investors anticipated earnings reports from big banks that began on Tuesday. By Friday, the sector slipped to the middle of the list, ending the week with a...
The short week was defined mainly by Thursday's sell-off in equities as Treasury bond yields were sliding. That gave a boost to two defensive sectors, Real Estate (XLRE) and Utilities (XLU), but the two sectors were already leading from Monday. The worries ended on Friday, but the two sectors remained in the lead for the week. Technology (XLK) and Consumer...
Technology (XLK) led the sector list this week, propelled higher by strong economic data and significant gains by big tech. Communications (XLC) led briefly on Monday after a judge threw out two cases brought against Facebook. The decision was a blow to regulators and a boon to several tech mega-caps facing similar challenges. Utilities (XLU) also led at the...
TeleCommunications vs SPY.. sector that includes Facebook, Disney and Netflix. As long as price remains above my marked line, im bullish.
Growth sectors stole the show this week as investors put inflation worries aside and boosted Communications (XLC) and Technology (XLK) early in the week. The focus was on the growth sectors from Monday to Wednesday. Technology faded back in the list, buy Consumer Discretionary (XLY) joined Communications to end the week at the top of the list. On Thursday, there...
Energy (XLE) led the weekly sector list for the first time since the first week of March. The sector was helped by oil prices that rose on Tuesday and Wednesday, and positive earnings reports from Exxon Mobile and Chevron. Financials (XLF) and Communications (XLC) stocks solidified second and third place with strong opens on Thursday. Financials was boosted by...
After 9 months of consolidation and going pretty much no where, NFLX looks primed to pop. With earnings around the corner and whisper numbers indicating EPS of $3.04 beating the expected $2.97 it provides the potential catalyst that could cause a break-out. It has severely underperformed its peers; using the XLC as a proxy for it's peer group and DIS as a direct...
Utilities (XLU) is surprisingly the top sector for the day. Topping the list on Tuesday and nearing the top of the list on Friday the sector had steady gains throughout the week. The sector is usually a defensive move for investors. Perhaps investors nervousness grew as the S&P 500 has been setting new all-time highs. Less of a surprise is to see Materials (XLB)...
The S&P 500 was dominated by three growth sectors for the week, finishing the week with a big 2.71% gain and another new all-time high. Technology (XLK) finished the week as the top sector, taking the top spot on Thursday and Friday as big tech companies solidified breakouts from their recent consolidations. Likewise, Consumer Discretionary (XLY) and...