- Rank: 36
- Followers: 24
- Votes: 351
- Years Member: 3
- Last Update: 19 October 2021, 23:44
Market Breadth Analysis
General Market Commentary
We had another 2% mid-week dip but finished strong. This bullish zig-zag higher should persist.
Correction watch: Low immediate risk of a drop > 5%
101 Buy-and-Holders: long term bullish (but top of channel and sentiment dropping)
102 Investors: intermediate term bullish (P/E dropping too)
103 Swing Traders: bullish
105 Storm Track: micro term bullish (but this changes quickly)
106 Aggressive?: bullish
107 Defensive?: down = bullish
108 Top?: no top indicated
109 Bottom?: no bottom indicated
111-113: Sectors (cap weight, EW, small cap)
114 Size & style
116 US Dollar
400-405: Factor ETF relative strength (RS)
5XX: ETFs for reference
"Trading in the Zone" by Mark Douglas about the mental game.
Note: Profile says PRO but I am an engineer. Updates on weekends.
"It is enough to identify prevailing conditions and respond to them as they change, without any need to predict." -- John Hussman
All information is strictly for education. ...............................................................
Various ETFs across the consumer industries (for reference only).
XLY Consumer Discretionary: AMZN TSL HD MCD
XLP Consumer Staples: PG KO PEP WMT COST PM MO
ITB Home Construction: DHI LEN NVR PHM HD
XRT Retail: (EW)
PEJ Leisure: BKNG DIS MCD SBUX
PBJ Food: KDP STZ SBUX HSY KHZ
Various ETFs across the energy and utilities industries (for reference only).
AMLP Energy infrastructure (pipelines)
IEZ Oil Equipment and Services: SLB HAL BKR HP
XOP Oil Exploration and Production: DVN PE MPC OXY
PBW Renewable Energy
Various ETFs across the finance and real estate industries (companies for reference only since they change over time).
XLF Financial: BRK/B JPM BAC WFC C
XLRE Real estate: AMT PLD CCI EQIX SPG
KRE Regional banks: SIVB RF FRC TFC FITB
KIE Insurance: AIG AFG CB TRV L
MORT Mortgage REIT: NLY AGNC STWD NRZ
REZ Residential REIT: WELL PSA EQR AVB VTR ESS
$DJUSAG Asset Managers (was not able to find a focused ETF): STT BLK TROW JEF BX APO MS
$DJUSSF Consumer finance (was not able to find a focused ETF): WU COF AXP SLM OMF
IYG Financial services: JPM V MA BAC WFC C
Various ETFs across the healthcare industries (for reference only).
XLV Healthcare: JNJ UNH PFE TMO
IHI Medical devices: TMO ABT DHR MDT
IBB Biotech: AMGN MRNA GILD REGN
IHF Healthcare providers: UNH CVS ANTM CNC HCA
IHE Pharmaceuticals: JNJ PFE MRK ELAN
Various ETFs across the technology and communications industries (for reference only).
$DJUSEC Electrical Equipment (cannot find a focused ETF for this)
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