For those traders who prefer trading ETFs vs individual names what follows are a few weekly charts to consider. They are all sector ETFs and are based on a simple understanding of supply and demand, tracked via trend lines and boxes (i.e., support and resistance). NOTE: We use the WEEKLY…
Back in January, I wrote about Retail Sector underperformance and why it was worth watching. It turned out to be a good “tell” of what was to come for the equity markets as the S&P 500 ended up correcting over a 100 points to a low of 1738. Since that…
There has been an interesting development in the S&P Retail Index (XRT) in recent weeks. Namely, it’s been severely underperforming the S&P 500. This is pretty important, because the XRT underperformance could be signaling a slowdown in consumer spending. And any slowdown in spending could effect far more than just…
By Alex Salomon Happy New Year to everyone!! It’s that time of the year when energy is flowing, so let’s take a look at some charts that appeal to me and offer up some ideas. Not advice, just sharing some trading ideas! Amazon.com (AMZN) The appeal is a break out above…