As nosotros tin dismiss encounter above, v of the viii sectors are firmly lodged inward neutral trending mode, with relative forcefulness with the defensive wellness aid stocks in addition to weakness with the to a greater extent than growth-oriented technology scientific discipline issues. Here is how it broke downward every bit of Friday's close:
MATERIALS: +180
INDUSTRIAL: -40
CONSUMER DISCRETIONARY: -20
CONSUMER STAPLES: +40
ENERGY: +60
HEALTH CARE: +260
FINANCIAL: +80
TECHNOLOGY: -260
INDUSTRIAL: -40
CONSUMER DISCRETIONARY: -20
CONSUMER STAPLES: +40
ENERGY: +60
HEALTH CARE: +260
FINANCIAL: +80
TECHNOLOGY: -260
Recall that Technical Strength varies from +500 (strong uptrend) to -500 (strong downtrend), with scores betwixt -100 in addition to +100 suggesting no pregnant directional tendency. The recent consolidation attain has extended for virtually of this calendar month in addition to should eventually Pb to a pregnant breakout move. Tracking the themes that are dominating the electrical flow market also every bit the handbasket of stocks drawn evenly from the sectors volition assistance us choose care of that deed when it occurs. Meanwhile, fading the attain extremes if nosotros produce non become an expansion of new 20-day highs/lows in addition to Demand/Supply readings is the operative strategy.
Traders interested inward tracking the 20-day highs/lows, vogue demeanour of the handbasket of stocks, in addition to Demand/Supply readings volition discovery these posted earlier the marketplace opened upwards each twenty-four hr catamenia via Twitter (follow the flow of tweets here).
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