Sector Winners and Losers week ending 12/31Communications (XLC) and Consumer Discretionary (XLY) spent about half the week each at the top of the sector list.
But it was Utilities (XLU) that would rise at the end of the week as the winner. No doubt a defensive play going into the long weekend and a turn of the clock to a new year.
Energy (XLE) had a very short-lived time at that top on Monday morning, but ended the week as the worst performing sector. Energy was the only sector to end the week with a loss.
XLC
Sector Winners and Losers week ending 12/11Despite starting the week in last place, Energy (XLE) rose to the top of the sector list starting from Tuesday as the first vaccine doses were made available in the UK. That positive vaccine news boosted the sector that is likely to benefit from the increased activity in travel and leisure sectors.
Communications (XLC) led at the beginning of the week, but could not keep up with Energy and finished the week in second.
Utilities (XLU) also had moments of leadership on Monday and Tuesday. The sector is a defensive play in equities and an alternative to moving money into other safe havens such as bonds.
Real Estate (XLRE) was the worst performing sector for the week.
Technology (XLK) that heavily impacts market performance, underperformed the S&P 500 this week.
Sector Winners and Losers week ending 12/4Energy ( XLE ) is now in its fourth week of leading the sectors list. It didn't look that way at the beginning of the week when it sold off off sharply amongst disagreements between OPEC members on future oil production. It rose back to the lead as those talks began getting better on Wednesday and OPEC finally had agreement on Friday.
Technology ( XLK ) and Health Services ( XLV ) nearly tied for second. They shared the lead on Tuesday. Health Services had a huge boost after the UK announced approval of the Pfizer vaccine. Both Health Services and Technology didn't move much after the progress on Tuesday, but it was enough to keep them in position for a solid tie 2nd place ending.
Communications ( XLC ) led for two days, before being overtaken by the top three and ending the week in fourth place.
Utilities ( XLU ) was the loser of the week. The defensive play wasn't needed by investors who seemed optimistic about vaccines, stimulus talks and oil agreements. That was enough optimism to ignore the unemployment data signaling trouble for the economy.
Sector Winners and Losers week ending 10/23This 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 increasing which is usually a good sign for performance of banking stocks.
Consumer Discretionary (XLY) started the week on top but backed off a bit before coming back with some good gains on Friday.
Energy (XLE) had a huge Thursday that put it at the top of the the sectors, but it could not hold the lead, backing off a bit on Friday.
It's not often that we find Technology (XLK) at the bottom of the list for weekly sector performance. Keep an eye on it as many technology companies will have earnings in the next two weeks.
Sector Winners and Losers week ending 10/16It 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 Services (XLC) and Technology (XLK) drove the early week gains in the market. But they could not hold on to the lead, nor could they keep the market in it's upward rally. Both faded throughout the week as did the major indexes.
Energy (XLE) had a couple good runs through out the week as crude oil prices rose on news that the national supply was lower than expected. Low supply means demand is returning and higher prices. That's good news for the big energy companies, but ultimately investors took profits at the end of the week.
Consumer Discretionary (XLY) was doing well early in the week thanks to Apple's (AAPL) breakout on rumors of a new phone. "Buy the rumor, sell the news" is exactly what happened as Apple and XLY pulled back after the new phone was confirmed.
Nothing like the soft comforting warmth of having your money in Utilities (XLU). Maybe I should try that.
Sector Winners and Losers week ending 10/9Utilities (XLU) was the steady winner throughout the week, even during the pullback caused by fears of no stimulus deal being reached. For money that wants to stay in equities in lieu of low interest rates and uncertain inflation, utilities is seen as the safest sector. So even as stimulus fears mounted, XLU continued to stay strong compared to the S&P 500.
Energy (XLE) also had a great week with a big one day gain of 3.75% on Thursday thanks to stability in crude oil prices and analyst projections of strong demand for at least two decades. XLE growth still lags far behind recent gains in crude oil futures. It will take some time to burn off over supply and the tech bubble continues to weigh down this sector (redux of 2000 energy story).
However, Technology (XLK) rallied on Friday to take over the second place spot. Advance/Decline lines showing great breadth as big tech shares the love with their smaller siblings.
Communications (XLC) was the week's loser, with Facebook (FB) having the most weight in the index. FB did not have a great week, possibly impacted by political focus on the platform.
XLC 5 wave completion (New -ve Delta Butterfly Spread ) XLC is dancing on the edge of a potential decline with significant resistance and a potential double top into the 57.62 level. We are considering this entire 5 wave impulse as complete with a potential (A), (B), (C) decline. Looking to place a 60/49/47 Put Debit Butterfly expiring Aug 21st with debit no more than 3.60
EPISODE 10/11: US COMMUNICATIONS-CUP & HANDLE TARGETS TA(XLC)Episode 10/11 : US (SPX) Sectors Technical Analysis Series - 31st of July 2019
Brief Explanation of the chart(since everything is labelled on there): (30 seconds read)
First and foremost : Similarly to the XLRE Index, the XLC was formed even more recently(2018), so obviously due to the lack of data this analysis should be seen at most as informative . In addition, I am not as interested in this particular sector. That doesn't take away from the objective of holistically analysing the whole market in the greatest of details. Now- time to break down the chart based on the current data:
XLC chart shows a very distinctive Cup & Handle pattern . Breaking above the purple square , will result in a bullish confirmation ; targeting #1: 55$ and later on 60$ as Target #2 .
Furthermore, the structural supports have been labelled. Although due to the lack of data, they will mostly depend on the negative momentum and very little on the currently labelled squares. Likewise as in the previous EPISODES , the same conditional events(trade deals/elections) apply to this sector. This concludes the technical analysis on the US communications(XLC) sector.
This is just a brief "free" and very detailed analysis. Perhaps in the future I might form a premium group, to whose members I will provide all the details of my research.
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Previous episodes on the US Sectors :
EPISODE 9 : US REAL ESTATE ( XLRE )
EPISODE 8 : US CONSUMER STAPLES ( XLP )
Full Disclosure: This is just an opinion, you decide what to do with your own money. For any further references- contact me through any of my channels.
Roku 3rd BULL flag - LONG BullROKU raised its third flag.
Technicals:
RSI(10) @70
OBV at all time high
CCI(10) @50 - high resistance line
Price range at all time highs
Bollinger width show a relative squeeze.
Fundamental and technical analysis show ROKU as a good short-term as well as long term investment.
$FB Will Be In Due For RegulationOne of the big themes to come from this week's midterm elections will be regulation in regards to data security. Over 4.5 billion records have been compromised this year, and six social media breeches account for 56%
Facebook has admitted two highly significant breeches since the Cambridge Analytica scandal. Look for FB to see regulatory pressures along with users deleting or spending less time on their accounts.