Sector Watch: Everything Is Bullish Except For Energy

2019-09-12T12:20:00-04:00September 12, 2019|

I don’t have any issues with any of the sectors right now except for Energy.  Energy is seriously the most unpredictable and untradeable sector right now. Nothing holds to the upside, and just when you think a stock is breaking out, it reverses course and breaks down on you.  [...]

Sector Watch: Topping Patterns Aplenty

2019-08-15T12:50:00-04:00August 15, 2019|

A lot of trend-lines breaks and topping patterns are forming The safe sectors is where big money is putting its capital. Utilities are practically on the brink of new all-time highs. I’d also like to add stocks supporting the military or have big dollars in the Pentagon defense budget are [...]

Sector Watch: Bears Coming Out Of Hybernation

2019-08-01T15:40:00-04:00August 1, 2019|

The market is shedding its bullish act, and taking on a much more bearish tone.  Jerome Powell’s circus yesterday, coupled with Trump’s untimely Chinese tariffs tweets today, has instantly put this market into a tale-spin. Short -term support levels are being violated across the board, and traders are being whip-lashed [...]

Sector Watch: Key Support Levels Ready For Testing

2019-05-16T19:00:00-04:00May 16, 2019|

A number of head and shoulders patterns trying to form.  Technology is not currently in the top three, but it is certainly the fourth best sector which places it right in the middle of the pack for now. The market has had a couple of  weeks of late that has [...]

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