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XLK

Sector Winners and Losers week ending 10/30It was a long painful week for all the sectors with the overall S&P 500 index losing -5.64%, worst since March of this year. Utilities (XLU) topped the list of sectors "only" losing -3.66% and remained as the safe place for investors to go to stay into equities instead of the alternatives. There were certainly days that each sector had to shine, but as far as the week-to-date performance, there was not a lot of back and forth as the days progressed in the weekly list of sector winners/losers. Most sectors beat the overall S&P 500 index. The exception is Technology (XLK), Consumer Discretionary (XLY) and Industrials (XLI). Consumer Discretionary just barely beat out Industrials to be the week's loser at a -6.55% loss.
SP:SPX
by drewby4321
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.
SP:SPX
by drewby4321
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.
SP:SPX
by drewby4321
XLK showing bullish signal at 65 minutes chartNot that I am bullish on XLK but indeed I am quite bearish at this point. However the 65 minute chart does show a RSI trend break and MFI showing breaking up the 0 line which mean trend bullish, even though these two signals need confirmation. Cautious with positioning with these signals is what I want to convey. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
AMEX:XLK
by hanzhao311
XLK trend line on edge of being brokenXLK breaking trend line on 60 minutes and lower time frame. 2 hour still holding up OK. Qs are holding up still. CLosely watch the unfolding. Bearsih divergence + broken trend line is NOT a good combo for XLK at this moment. May reverse and continue higher but this is a warning. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
AMEX:XLK
by hanzhao311
1
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.
SP:SPX
by drewby4321
30 minutes view for XLKShowing this is a great shorting opportunity that might disappear quickly... see my previous post for RR setting. In this kind of choppy phase, momentum indicators are all wasted. use volume based indicators such as OBV and MFI. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
AMEX:XLK
by hanzhao311
entering short XLKPre market gap up. Divergence obvious. volume based indicator MFI up and OBV down. so this is a half half short trade. set stop at right above hullma with RR of 3. Looks like a worthy trade to me. let's see how this will play out. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
AMEX:XLK
by hanzhao311
Downside Bias on the Nasdaq too!The downside bias on the Nasdaq is greater and clearer a shown in the other indexes. Remember, that tech stocks led the markets up in a record run. Now, it appears that the reverse is also true, leading the downward pressure with commitment. Technically , the weekly candlestick pattern show a bearish engulfing, followed by a rather filled down candle, forming the three outside down pattern, and suggests more downside to follow. The MACD had crossed down supporting this view. Target of 9600 by end October with a check at about 10400.
CME_MINI:NQ1!Short
by Auguraltrader