Communications (XLC) did not top the sector list for a single day, but it's steady gains throughout the week put it at the top of the weekly chart. Utilities (XLU) started the week on top. Investors were nervous on Monday about the lasting impact of the Suez Canal blockage and whether a $20b fire sale of Archegos investments would grow or even expand to other...
There were several change of winners and losers during a week that ended with the S&P 500 at a record close. Technology (XLK) led for the first two days of the week, was sold off heavily on Wednesday and Thursday, but then ended the week with a huge gain on Friday, putting it in third place. Utilities (XLU) took over the top spot on Thursday as investors became...
Inflation, yields and the fed, oh my! The sectors were all over the place this week, all driven by nervousness about an overheating economy and how the fed might react. Monday started the week with the defensive sector Utilities (XLU) at the top. On Tuesday, Retail sales data for February showed the economy wasn't overheating and inflation may not be on the...
It was a wild week for the sectors as investors rotated in and out of Technology and Communications stocks. All sectors ended the week with gains. Consumer Discretionary (XLY) was the big winner. Large stimulus checks will be delivered soon that are expected to be poured into the economy via consumer spending on both needs and wants. Technology (XLK) and...
It was a week for the cyclical stocks. Energy (XLE), Financials (XLF), Materials (XLB), and Industrials (XLI) were the only sectors to close the week with gains. That was not the case for the entire week. Communication Services (XLC) started the week with gains but faded in the last two days. Utilities (XLU) had one day as the leading sector on Thursday, but...
Real Estate (XLRE) and Utilities (XLU) are the top sectors for the week. Ouch! None of the sectors ended the week with gains as the S&P 500 pulled back -3.31%. Utilities led as the market opened on Monday morning. Communications (XLC) took a very brief lead on Tuesday, but the Real Estate took the top spot. Consumer Staples (XLP) attempted to take the lead on...
Communications (XLC) led the week with a big +5.44% gain, but only after a big pullback the week prior. The sector was led by Alphabet (GOOGL) and Facebook (FB) with +9.55% and +9.21% gains respectively. Those two companies make up 44% of the ETF. Netflix (NFLX) also had a huge gain of +13.49% but only represents 5% of the ETF. Technology (XLK) finished the week...
The sectors had a wild race this week with the backdrop of a up and down market with several rotations between small caps, mid caps and large caps. Energy (XLE) would ultimately be the winner, supported by production cuts in Saudi Arabia, higher than expected demand for oil, and some positive news from OPEC. There was a significant pullback on Friday after SEC...
I normally publish this chart on weekly basis as part of my Week in Review work but I thought it was interesting to look at it today, in the context of the Georgia run-off election results. There is also the turmoil in DC, but that did not seem to impact the sector leaders list (the afternoon dip impacted all equally). Energy (XLE) is leading over the two days,...
Communications (XLC) and Consumer Discretionary (XLY) spent about half the week each at the top of the sector list. But it was Utilities (XLU) that would rise at the end of the week as the winner. No doubt a defensive play going into the long weekend and a turn of the clock to a new year. Energy (XLE) had a very short-lived time at that top on Monday morning,...
Despite starting the week in last place, Energy (XLE) rose to the top of the sector list starting from Tuesday as the first vaccine doses were made available in the UK. That positive vaccine news boosted the sector that is likely to benefit from the increased activity in travel and leisure sectors. Communications (XLC) led at the beginning of the week, but could...
Energy ( XLE ) is now in its fourth week of leading the sectors list. It didn't look that way at the beginning of the week when it sold off off sharply amongst disagreements between OPEC members on future oil production. It rose back to the lead as those talks began getting better on Wednesday and OPEC finally had agreement on Friday. Technology ( XLK ) and...
This week it was all about Communication Services (XLC) with the positive earnings beat from Snap (SNAP) driving growth in many of the social platform company stock prices. Utilities (XLU) continues to be a safe bet for investors as a sector that is consistently performing well over the past few weeks. Financials (XLF) also had a great week as bond yields are...
It was a back and forth week with Technology (XLK), Utilities (XLU) and Energy (XLE) all fighting for the top spot. Even Industrials (XLI) made a late effort to end the week at the top. In the end, the safe haven of Utilities (XLU) won the week as investors fled more volatile stocks for something that everyone needs going into the winter. Heat! Communication...
Utilities (XLU) was the steady winner throughout the week, even during the pullback caused by fears of no stimulus deal being reached. For money that wants to stay in equities in lieu of low interest rates and uncertain inflation, utilities is seen as the safest sector. So even as stimulus fears mounted, XLU continued to stay strong compared to the S&P 500. ...
VZ is making a double bottom within the designated channel. Using Fibonacci Retracement levels, we see the support at $53.5, seems to align well with the 38.2% level. Because the 61.8% level was broken, I expect the path of least resistance to be higher.
XLC is dancing on the edge of a potential decline with significant resistance and a potential double top into the 57.62 level. We are considering this entire 5 wave impulse as complete with a potential (A), (B), (C) decline. Looking to place a 60/49/47 Put Debit Butterfly expiring Aug 21st with debit no more than 3.60