I am a firm believer that a Bullish Financial Market is a very positive signal for the overall market strength.
Recently, the Financials have lagged the overall market, until the last (10) days. Financials are up over 2%.
Please simply mouse click on the chart(s) to enlarge.
The Daily Renko chart demonstrates nicely that the Financials are about to spring out of an Oversold condition.
Many "Talking Heads" are screaming the market "Top" is in! Mainly due the recent volatility in the Tech. Mkt. ($QQQ). I think with a Bullish $XLF & the high probability for it to push up. The market(s) continues to be Bullish.
The recent $QQQ was just a "Haircut" after a sterling run up. A "relief pullback" will be healthy for this mkt. I remain Bullish on the Q's.
Have a great weekend Peeps. Congratulations to all the recent Graduates. Now your "education" really begins!
Cheers.
I like Sector Rotation. If you get in early to a sector that has been soft and is rotating into a Bullish mode. There are gains to be made.
A nice current example appears to be the Healthcare Sector.
90 says ago on a Relative Strength chart XLV was lagging by 5%.
(***Please Click on Charts to enlarge***)
The view from just 18 days ago tells a different story.
Daily Renko of $XLF demonstrate Healthcare out of the Summer "doldrums".
I ran a stock screener on the Healthcare Industry. Please find some candidates for review below:
$PGNX
$ESPR
$CALA
$CBAY
$MASI
Happy President's Day! God Bless America!
Cheers.
That was one great Super Bowl! Heck of a game. Here is a list of Stocks on the Move....
$IMMU
$ATVI
$ARNC
$IPG
$CBG
$EA
$PSEC
$TIWO
$SWIR
Nice to see some old "Market Darlings" pop up on this stock screen.
I have been "pimping" $SLV pretty hard on Tradingview.com, in the Stock & Index Chat. Yes, it's FREE.
This was a simple Swing set up. EMA bullish crossover. Put in an ATR STOP 2.5 x's ATR at time of entry. Set P.T (Price Target) #1 at 5 x's ATR.
Using this simple set up you know what your risk is right up front. That's a good thing.
$SLV Daily Candle Chart:
Here is a Stock Screen Top Ten, with a Double Bonus added!
Bullish Dozen:
$AAPL
$PULM
$OKS
$ALLY
$MO
$MRVL
$OLN
$STM
$CARA
$HOLX
Double Bonus:
$ANTM ~ $CRUS
Off to Nevada for Super Bowl. GO Atlanta!
Cheers.
This was a "Bonus Stock" off my Stock Screener. I wanted to take a closer look at this very Bullish stock.
Strong Trend. Nice consolidation (Rest Period), prior to next move. Time to take notice with the volume spike. Rising EMA's. Very nice move. Now what?
Up, Down or Sideways? High probability it continues upward, or a slight pullback which will offer opportunity. Then more Bullish price action.
$FLEX Daily Price Chart: (Thank you Tradingview.com). Click on chart to enlarge...
Enjoy your Sunday. Cheers.
Interesting week ahead for traders and investors.
If taking some time to complete some weekend reading here are some ideas worth your time to research.
Live Stocks into next week:
$CLS
$LRN
$TWI
$GHL
$MTW
$TDOC
$MXIM
$VMW
$GB
$DVMY
Bonus: $FLEX
Watch List Material:
$MSFT
$INTC
$STM
$ISBC
$ETFC
$MTW
$WPZ
$RYAN
$CHRW
Enjoy your weekend! Trade well.
Cheers.
Heading into the weekend what to hold & what to research...?
I use a Screener that loves to pop out winners.
Here is a list of candidates on the move at least for a Swing Trade:
$INTC
$MSFT
MXIM
$STM
$MTW
$CAT
$ISBC
$VMW
$ETFC
$KLAC
