When doing my sector research, I noticed that the stochastic levels were decreasing. I like levels under 50% and this is currently at 24% today. The put to call ratio is under 1 sitting at 0.92 post-market which indicates that there are a tad bit more puts that were closed today versus yesterday which indicates that more calls are slowly entering the market. The...
Details in photo! What so you think? Like follow agree disagree?
Recently we've seen a significant "rotation" in markets toward large cap tech and defensives, and away from small caps, financials, and transportation. In this post, I will describe the rotation through a series of charts, and I will also suggest some explanations for what's going on. The long and short of it is that I think we've just witnessed a regime change,...
Sector Rotation Analysis starting from Jan 2021 While 2020 was a wonderful year for many investors, 2021 has been riddled with changes in the stock market thus far. In this analysis, I compared multiple ETFs that track different specific sectors in the market in order to visualize these changes. The periods and commentary are broken down month by month with the...
ASX:XMM - Keep a close watch on sector and companies ~The sector is in an uptrend after making a bottom in Jan 2016 ~the previous high was made in Nov 2008 ~after a gap of close of 13-14 years sector has come to the limelight. ~Strong global demand ~China demand for minerals ~ Global infrastructure post-COVID-19 - Govt push ~DON't forget over 50% of the...
I put this template together to track sector rotations based upon yield changes. Since August 2021 rates have incrementally risen on the 5,10, & 30 year treasuries (top pane). This provides support for value outperforming growth (second pane), illustrated by the Russell 1000 Value ETF outperforming the Russell 1000 Growth ETF. Finally, to visualize this effect on...
U.S. stocks rose by 1.1% today fueled by a 2.1% increase in small cap stocks and a 3.5% increase in energy stocks. The S&P 500 Index is currently up 0.5% year-to-date, and up 7.7% over the past 12 months. The Dow Jones Industrial Average is currently down 8.2% year-to-date, and down 2.0% over the past 12 months. Elsewhere, commodities climbed 1.6% with gold rising...
The Nasdaq Week in Review is my weekend homework where I look over what happened in the previous week and what might come in the next week. It helps me evaluate my observations, recognize new data points, and make a plan for possible scenarios in the near future. If you find this helpful, please let me know in the comments. I'm also more than happy to add new...
This week it was all about Communication Services (XLC) with the positive earnings beat from Snap (SNAP) driving growth in many of the social platform company stock prices. Utilities (XLU) continues to be a safe bet for investors as a sector that is consistently performing well over the past few weeks. Financials (XLF) also had a great week as bond yields are...
Trend lines drawn from 9/3 (33d), 9/24 bottom (19d), 10/12 pivot day (7d), 10/14 (5d), and today 10/20 (1 day). Tuesday, October 20, 2020 I know why you want to hate me Facts: 0.33% higher, Volume higher, Closing range: 28%, Red Body: 9% Good: Stayed above yesterday’s low and holding above 21d EMA Bad: Very choppy day with selling into close ...
It was a back and forth week with Technology (XLK), Utilities (XLU) and Energy (XLE) all fighting for the top spot. Even Industrials (XLI) made a late effort to end the week at the top. In the end, the safe haven of Utilities (XLU) won the week as investors fled more volatile stocks for something that everyone needs going into the winter. Heat! Communication...
It was a back and forth race for the SPDR ETFs this past week. In the end, Real Estate (XLRE) was the winner. Utilities (XLU) had a week of steady growth but could quite beat out Real Estate. Technology (XLK) did well earlier in the week but sold off at the end on bad news. Energy (XLE) had relatively big gains on Friday, but overall still a loser for the week.
(SEE prior "Idea" for Sector Indices vs ASX All Ordinaries Index showing earlier deterioration of the market throughout August ) Here are the few sectors preventing the ASX from slumping throughout August 2020: which are the midcaps of the ASX Midcap 50 Index, and including Technology XTX, Consumer Discretionary XDJ, Real Estate XRE and Industrials XNJ.
Sector Indices vs ASX All Ordinaries Index show earlier deterioration of the market throughout August (whereas XJO only starts to deteriorate from Aug 28): in the largest 20 companies of the XTL index, in Communications XTJ, Resources XJR, Materials XMJ, Financials XXJ, Consumer Staples XSJ, Utilities XUJ. See next "Idea" for the sectors that prevented the XJO...