It would appear that we have entered into the buy territory on the New Zealand NZX50 index. Price action is getting close to its long term support line. That is not to say this index will be up next week or anything. Just that for a long term investment, according to the chart technical analysis, we are in the territory to be buying shares up. Selling shares...
This sector has been on a pretty good run and seems to be running out of steam and is trying to fall past the gray support line for the last run near a longer term resistance line. This leads me to believe that the sector is nearing the top for the time being. As so, I do not feel this is a good spot to be adding to any long term position. The dividend yield...
While not as high as some of the other sectors I am still not adding to any position at this point. while it seems to be in a bit of a holding pattern there may not be a whole lot of downside but it should stall at least around this point for a while. This particular ETF has a dividend yield of 2.26% at this point. FNCL
The health care sector also seems to be a bit to high for me also. I will also be waiting before adding positions in this sector. The dividend yield on this particular ETF is 1.43% at the moment. FHLC
When looking at this chart this chart is a bit on the high side. I will be waiting for better prices to come on this one as well. A lot of the sectors seem to be on the high side at the moment, leading me to believe the overall market may see a bit of a drop before continuing higher for the long run. This particular ETF has a dividend yield of .72%. FTEC
This sector is another one that went a little wild during the pandemic era. I will also be waiting for this one to settle down to a better price before adding long positions. Given some time I feel it will happen. The dividend on this particular ETF is .88% at the moment. FDIS
The Consumer Staples index is in the middle of its support and resistance zones making me neutral on this sector. I will be waiting for it to come closer to the green support line before adding long positions. It does appear to be in a holding pattern at the moment though. The dividend yield on this particular ETF is 2.6% at the moment. FSTA
The Real Estate sector is one that is sitting down on its long term support line, making it a sector that I will be adding long positions from here. I will be adding to it as long as it is below the 24.65 horizontal line. The dividend yield on this particular ETF is at 3.99% at the moment. FREL
The industrial sector is another one that is riding near its long term resistance line, making it hard for me to want to add long positions from this point. I will be waiting for it to at least come down to the gray trend line before adding more. The dividend yield on this particular ETF is 1.46% at the moment. FIDU
With this chart we are at the long term resistance. We got a little wild here during the pandemic era, but I am not sure that it will cause a new trend zone for the long term. I will be waiting for this sector to settle a bit more before adding any long positions. Unless it dips to the green support line that is. This particular ETF has a dividend yield at .8%...
When we look at this chart, we see that it is sitting near the long term resistance line. This means that I will not be adding any long positions from here. I think I should be able to get some better prices if I give it some time. Dividend yield is 1.9% on this particular ETF. FMAT
The utilities sector is sitting down on it's long term support line at the moment. Making this a buy for the time being. It could churn around here for a bit before moving, but overall this is buy territory. This is not necessarily a trading opportunity as it would be sector rotation investment, so there is nothing wrong with that. This type of play is all...
Tesla is in a holding pattern at the moment. I will be looking for the price to drop below the 196.53 horizontal line before going into a long, long term position. This will give the stock a chance to bounce of the drawn green support line for the third time, further confirming it as support for the long term.
As we can see with this chart, Halliburton is quickly approaching a region to sell long positions. which would be in between the 43.26 horizontal line and the old support line/new resistance line ending the chart at 53, depending on your appetite for risk. In the event that it reaches the 56.79 pink horizontal line I will start looking for an entry into a short...