bump for weekend discussion - thx for the continued updates in this thread every weekend @Stoch it's really greatly appreciated!!
Several sectors really got trashed Friday, Real Estate, Industrials and Healthcare got trashed, even tech looks weak. Real Estate was running well at summers end, now down to the 50MA. Healthcare is supposed to be a defensive play, testing the lower channel Industrials mostly sideways, now below the 50MA Is the tech run almost over? AAPL got slammed Friday
China missed its numbers last week and while the FXI turned lower, it didn't find a new low and the big stocks were mixed. BABA has gotten the worst of it due to government pressure BIDU seems to be baseing and held up well JD even managed to cut it loss Thursday and Friday, holding well above the bottom
Not sure if Industrials are going to bounce further, most at descending trendline, primed for a test higher Ag Play Enphase due for a run, just below 50% retracement
Looking at global funds this week Europe improving Australia bouncing on reopening Emerging markets at top of range
Waiting for commodity pull back to turn Gold just cant run, even in inflationary environment, mabe this time Silver having the same problems Copper pulled back sharply 5% last week Platinum looks like it wants to turn down again
Couple of sectors possibly running out of stream Energy pulled back then stabilized Financials pulled back on rates dropping after taper? not sure why Heathcare dipped and bounced
A couple more indices that aren't participating. China, Asia, and Latin America China shooting itself in the foot recently Rest of asia slipping Latin America breaking lower. Just can't get a rally going Emerging Markets not looking good either
Still liking my grocery stores, maybe food inflation is padding margins Albertsons, never expected a double from this. Ingles playing catch up Grains haven't been on fire but may have a triple bottom (or triple top) Beef ,may have put in a higher low (or just a triangle continuation pattern)
weekend thread bumping. have a great thanksgiving day week ahead @Stoch and ty so much for keeping up with the regular weekend updates to this thread!
Watching for some index bounce next week. Just can't see a repeat of March, especially at this time of year. Maybe headed to 50day MA Hasn't even tested previous low yet Possible 200 day test Back in the previous channel Mid caps look more like tech