Stocks opened higher on Monday with several ETFs hitting new highs and new all time highs. Chartists can follow these milestones on the Predefined Technical Alerts page. In addition to several major stock indices, note that XLY, XLV, XLI and XLF recorded new highs on Monday. Also note that oil dipped below 95.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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