Weekly Stock Charts
Identifying index & ETF trends in weekly stockcharts
- Rank: 34
- Followers: 33
- Votes: 520
- Years Member: 18
- Last Update: 21 June 2021, 9:27
June 20th 2021 3P Update: Slow week until FED, then the fireworks went off. Software names very strong. This market keeps rotating between groups which is healthy even if it doesn%27t feel great when Powell opens his mouth. For next wk, there%27s a large number of outside wks (mostly red ones). Also, Monday is ex-div for alot of ETFs, so there%27s a good chance we gap down Monday. After that, see if there%27s any downside f/t on $SPY. If so, I%27ll look to play short $SPY vs. long everything that%27s showing strength (mostly s/w - some healthcare names, too). OK, use stops, manage risk, trade well + good luck out there!
This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Service for more details.