- Rank: 38
- Followers: 16
- Votes: 20
- Years Member: 1
- Last Update: 23 May 2020, 21:16
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Categories:Market Timing
Market Breadth Analysis
General Market Commentary
The market looks tired but maybe it is just resting before another push higher. I know I am tired trying to find things to buy. Worse, I am anxious holding because I do not trust the market. Even though I had my best week ever, it is exhausting. (Note: Best week was because of the setups I found last week.) This week I went from 70% invested to 20%.
I think the market has limited upside. Probably in a trading range (2600-3150?). Good environment for stock pickers since even within industries there are major winners and losers.
Most charts answer a question.
Stock Charts:
No. Ans. Desc.
101 Hold Buy-and-Holders (bet on the Fed)
102 Buy Investors (pullbacks)
103 Buy Swing Traders (pullbacks to 20-day)
104 Buy Active Traders (stock picking)
105 Yes Aggressive? (selective)
106 No Defensive? (except gold)
107 No Top?
108 --- Bottom? (not applicable right now)
109 Factors: QQQ
11x series are mostly other asset charts
Simple Six:
No. Sym Ans. Val
201 VTI OFF 7 (buy, or rather need to dive lower to find what is working e.g., software, biotech)
202 TLT ON 8 (up from 7)
203 IAU ON 9
204 IYR OFF 3 (down from 5)
205 IEMG ON 6+ (just reporting the facts here)
206 USO OFF 5
Charts for reference but many require a PRO account to fully see:
4xx series are industry areas paired with a relative strength versions
5xx 1-minute charts to look for confirmation of price moves
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Stock selection approach: See Chart 119
Recommend "Trading in the Zone" by Mark Douglas about the mental game.
Note: The profile says PRO but I am an engineer. Updates on weekends.
Finally: "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
XLP Consumer Staples
ITB Home Construction
XRT Retail
PEJ Leisure
PBJ Food
Various ETFs across the consumer industries (for reference only).
XLY Consumer Discretionary
XLP Consumer Staples
ITB Home Construction
XRT Retail
PEJ Leisure
PBJ Food
Various ETFs across the energy and utilities industries (for reference only).
XLE Energy
XLU Utilities
BNO Oil
XOP Oil Exploration and Production
IEZ Oil Equipment and Services
ICLN Clean Energy
KOL Coal
Various ETFs across the energy and utilities industries (for reference only).
XLE Energy
XLU Utilities
BNO Oil
XOP Oil Exploration and Production
IEZ Oil Equipment and Services
ICLN Clean Energy
KOL Coal
Various ETFs across the finance and real estate industries (for reference only).
XLF FInancial
XLRE Real estate
KRE Regional banks
KIE Insurance
MORT Mortgage REIT
REZ Residential REIT
$DJUSAG Asset Managers (was not able to find a focused ETF)
$DJUSSF Consumer finance (was not able to find a focused ETF)
IYG Financial services
Various ETFs across the finance and real estate industries (for reference only).
XLF FInancial
XLRE Real estate
KRE Regional banks
KIE Insurance
MORT Mortgage REIT
REZ Residential REIT
$DJUSAG Asset Managers (was not able to find a focused ETF)
$DJUSSF Consumer finance (was not able to find a focused ETF)
IYG Financial services
Various ETFs across the healthcare industries (for reference only).
XLV Healthcare
IHI Medical devices
IBB Biotech
IHF Healthcare providers
IHE Pharmaceuticals
Various ETFs across the healthcare industries (for reference only).
XLV Healthcare
IHI Medical devices
IBB Biotech
IHF Healthcare providers
IHE Pharmaceuticals
Various ETFs across the technology and communications industries (for reference only).
XLK Technology
XLC Communications
SMH Semiconductors
IGV Software
ARKW Internet
$DJUSEC Electrical Equipment (cannot find a focused ETF for this)
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