Utilities continue to lead as others pull back,
Markets are rotating out of risk and into safety as Utilities lead market higher
My weekly market review video
mostly up day for stocks lead by big move in Bio Tech
BioTech erased all of last weeks pull back in one big daily candle, Biotech is now back above its 2015 end of year close
Down day for 20 of my 22 ETF’s , only Utilities and Consumer Goods were green on the day
Does this market love Donald Trump or what, following Trump’s speech to congress, DOW gaps open higher, blows through 21,000 and is up $260 as I post this, WOW!
Huge day for the market with XME leading the way up 3% with Financials close behind. DOW closed up 300.
DOW is on course to hit 26,000 by years end,
After yesterdays big move, no surprise today we saw profit taking with only Utilities and Retail positive on the day
We start the new week with major indexes S&P, DOW and Nasdaq coming off new all time highs
Weekly market review
across the board down day with only the energy sector slightly higher, most of the gaps from last Wednesday have now been filled,
Another down day for the markets, lead lower by XME and Energy had a very bearish daily engulfing candle, Only two sectors Tech and Semiconductors saw slight gains
Note; I added a column " % Change" this is the daily change, while Pos-% is the YTD change
Most sectors up today lead by front runner XBI , with the two weakest sectors XLE and XOP today’s biggest losers
Market sold off into the close and my last post missed those moves, here is an update for final number of the day
Mixed day in the markets but last hour saw high volume buying, most notable the Energy sector, this could signal the selling in energy is over for the short term
I stay away from financial commentary as most is trash ( CNBC) but I have found this guy Max Keiser to be spot on with insightful commentary and spot on analysis
Here is a recent show
about 2/3rds of the market posted gains today with Metals & Mining leading up 1.27% but most of the market moved less then a quarter percent. Not quite 3 months into the year and we are seeing a clear divergence between strong and weak sectors
Here is my market review for last week
Here is link to latest Keiser Report, things not looking good for Retail, this is a sector of the market I will be looking for a short entry
Keiser Report: Bloodletting Among Retailers
Whole market up except Financials, look how many are above all three moving averages, this is still a strong market
Metals & Mining lead market higher, this is a strong move off support, I would look for this one to head higher
About 2/3rds of the market was down today lead lower by YTD strongest sector Biotech, The third of the market up was lead by Home builders, fed raises interest rates and Home Builders goes to new yearly high, go figure
Homebuilders have been hot the last month, now moving up to 3rd place YTD
