Today’s One Chart is the Financial Sector SPDR ETF, in a follow-up to our post in early June on the confluence of resistance levels. As we’ll discuss in this article, the XLF is displaying a similar combination of factors, all suggesting weaker prices and likely underperformance as the sector continues to struggle.
Downside Target After Biotechs Break Support
Bearish Divergences Abound in Nasdaq 100 Index
Consumer Ratio Says Offense in Play
One Chart: Health Care
The Market is Always Right
Sector Alert: Communication Services About To Get Sexier
At the end of September, the Telecom Services Sector will cease to exist, and the new Communication Services sector will be born. I created this post following a morning of Googling to try and gather the best information out there. Let's review what is happening, how it will affect existing sectors, and how investors should think about this change.
Mighty Momentum and Breaking Banks
Two themes stand out as I review the charts this week. First, the leadership of the supersized MANIA names that seem to dwarf everything else. Second, charts in the Financials sector that have been notable underperformers over the last six weeks. Let's review both of themes and let the charts tell the story.
Getting Your Head Around Amazon
"Amazon makes no sense," begins a recent article trying to grasp the impact of this one company on so many other companies and industries. As Bloomberg points out, "Executives at the biggest U.S. companies mentioned Amazon thousands of times during investor calls last year, according to transcripts—more than President Trump and almost as often as taxes."
