GE on the weekly chart has been in a trend up with some corrections along the way since a double bottom in the summer of 2022. It has had some sections spin-off including the health care poriton of the company. This company as a mega-cap industrial with cash on hand is independent of interest rate concerns. Much of its business in long term contracts. I...
GE on a 240 minute chart shows an anchored VWAP and volume profile both anchored back into October and a price action breakout beginning after the November earnings report and sustained through the early February earnings report. Both reports showed significant beats on earnings as well as good beats on revenue. I see GE as a solid long term long swing...
Provides online manufacturing services which enable manufactured custom parts to be sold via xometry.com NASDAQ:XMTR is forming a base just after it broke out a polarity zone around $30 The AMEX:XLI is making new highs along with AMEX:XLK and AMEX:XLC but the leaders are showing signs of exhaustion and some rotation to small cap might be underway The ...
Prices never lie. Price is everything. Time however always lies. That's "Theory of Relativity 101". Time stretches and narrows based on boredom, psychology, speed. By taking time out of the equation we transform a news piece into a literature book. Timeless charts are the past, the present and the future. They don't expire. Unlike candles with specific expiration...
In the last 6 months AMEX:XLC is the leading sector in the $SPX. And with the recent sell of in the energy sector AMEX:XLE , communications is the only sector without lower lows. There are various stocks that confirm this strength in AMEX:XLC , some are NASDAQ:MATH , NASDAQ:ATVI , NASDAQ:META , NASDAQ:CHTR and many others. Let's wait and see.
XLI has had a picture perfect breakdown. We warned our members of this last week. this pattern technically has more downside but it is very oversold and were approaching the breakout trend line as well as many weeks of consolidation & support. A bounce is most likely as the daily chart is becoming exhausted to the downside.
A close above the neckline negates the bearish pattern. If Weak ISM data continues you could see more weakness in this sector. A pair trade I'm watching is Long GE / Short XLI
Technology and Consumer Discretionary tend to lead the start of bull markets and Industrials should follow up. The Industrials ETF AMEX:XLI is not outperforming the SP:SPX but, NYSE:ROK certainly is. Maybe will be the sector's leader, is ranked #6 by IBD in its industry group ( AMEX:GAST ). With higher lows and higher highs since June of 2022, Rockwell...
CAT as a blue-chip industrial is not a fast mover- it is best suited for options traders or investors. On the 4 H chart, CAT rose from the lows on a trend up from last November through this February. It then descended in a retracement about a 50% Fibonacci extent to its present value. It is now at the POC line of the volume profile for support and is near to...
PH is breaking a wedge pattern to the upside. This play looks promising to continue to move higher. The only risk is earnings coming up and its a lighter volume name.... Watching for continuation move to go long after earnings.
STLD is hanging on by a thread. A trigger of this neckline may be a good spot to short or play puts.
Another pattern that is closely on watch for a trigger. A break of this neckline does not bode well for this company As of now Nuecor is holding on
Is the economy slowing? Steel stocks may be displaying this very weakness.
CGSP is on the verge of breaking lower. This chart looks like a perfect risk to reward setup on the downside. the only caveat is earnings approaching, waiting for the reaction.
The recent pullback for NYSE:DE looks tempting, but I'm not adding right now. I will monitor price until we get in between the FOMC and earnings in May. I'm eying anything between 347-360 as a strong opportunity to accumulate. DE is a core holding for me. They have strong dividend growth, low payout ratio, and a strong history of earnings beats. They are a...
HD has broken support but has not completely broken down yet. HD bulls need to recapture the orange trendline on a weekly close or else the bearish trend will break the 200 Weekly MA.
NOC is on watch for a techncial retrace to resistance and an important daily gap. With earnings approaching we may see the larger trend take place. The chart is looking vulnerable to more downside. A rally back to resistance will be a better risk to reward setup.
Technical analysis of XLI (Industrial Select Sector SPDR Fund): XLI is an exchange-traded fund (ETF) that seeks to provide investment results that correspond to the performance of the Industrial Select Sector Index. The ETF's holdings primarily include industrial conglomerates, aerospace, and defense companies. From a technical perspective, XLI has been trading...