Sector_trading
XLV recovering for SummerXLV pulled back sharply largely to do with a knee-jerk reaction to the Dems ‘Medicare for all’ (ie Europe-style government health service). Contrast this to the general Dec 2018 market collapse, and we see
- a 7.2% W1 rise
- a 50% W2 pullback
- a W3 repeating the move, and running to the 1.618 fib
The price carried on after December, but just anticipating a repeat of that move gives us an entry at 87.75 for 94.00. A 1.4% stop is comfortable (86.50) to give a 5:1 trade.
Healthcare is a typically strong summer defensive, and notably (on the daily chart), after the outlier of Dec 2018, kept in its long-term channel in the April collapse.
Safe Haven - add dividends REIT sectorReal Estate sector has shown to be safe haven and not oversold sector to other stock sectors, which were way oversold to value.
I give thanks today for understanding enough, but still expect growth here. Mid-term stocks usually do well in ensuing 6 mo.
period, however during bearish times a safe haven is a consideration.
If you have another sector, make it a conversation. FOREX, Crypto, and calls/puts would be only other if considered a sector.
Does anyone have link for history of when shorting (calls/puts) was created and why? Please comment @pokethebear.
Hershey's CoCo Sector Report - January 28, 2017Materials and Finance both started the week flat, moved up for a couple days, then remained steady on Friday while the US and World markets were down. If the US and World indexes are up next week I expect much from these two!
Real Estate and Consumer Staples (Non-Cyclical) were the clear Sector losers taking back all the gains they made early in the week to finish weak.
Materials had over 60 stocks > 5% for the week... compare that with Real Estate that had only 9!
Good trading!
Brian Hershey
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Check out my "Hershey's CoCo World" indicator, available now for your US stock and sector evaluations.
"CoCo World" helps to answer the following question: Is this stock moving alone or with the US and world markets? No stock is an island, so it's important to see what everyone else is doing. Useful across all time frames, small and packed with info!
Hershey's CoCo Bear Sector Report - January 23, 2017Finance and Industrial looking BEAR lately! Going down more than the market since mid December, 5-6% more to drop until next support levels from late November.
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Hershey's CoCo Indicator details:
Very Bull = Blue Arrow = Sector and Market prices are up, Sector price up more
Bull = Green Arrow = Sector and Market prices are up, Market price up more
Bear = Red Arrow = Sector and Market prices are down, Market price down more
Very Bear = Black Arrow = Sector and Market prices are down, Sector price down more
Neutral = No Arrow = Both movements equal
Arrow Length = Strength (the longer the arrow the bigger the difference)
Green Background = Bull = Above zero Moving Average of all arrow values
Red Background = Bear = Below zero Moving Average of all arrow values
To review, the Blacks and Blues are the HEAVIEST pressure... the LONGER the STRONGER!
Hershey's CoCo Bull Sector Report - January 23, 2017I got Real Estate and Utilities mid-term bull... beating the market in daily upward price movement since mid November. Real Estate still has 12%+ until it hits next big resistance from last August. Utilities have 8%.
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Hershey's CoCo Indicator details:
Very Bull = Blue Arrow = Sector and Market prices are up, Sector price up more
Bull = Green Arrow = Sector and Market prices are up, Market price up more
Bear = Red Arrow = Sector and Market prices are down, Market price down more
Very Bear = Black Arrow = Sector and Market prices are down, Sector price down more
Neutral = No Arrow = Both movements equal
Arrow Length = Strength (the longer the arrow the bigger the difference)
Green Background = Bull = Above zero Moving Average of all arrow values
Red Background = Bear = Below zero Moving Average of all arrow values
To review, the Blacks and Blues are the HEAVIEST pressure... the LONGER the STRONGER!