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Market Recap: January 20, 2017 - SPY DIA QQQ IWM XLK XLV XLP XLF XLI IEF TLT LQD UUP GLD GDX USO UNG

1/21/2017

1 Comment

 
​Dow Jones Industrial Average and S&P 500 trading near all-time highs
 NASDAQ and Technology ETF at all-time highs
S&P 500 (SPY) with 3 Inside Weeks in a row
Small caps somewhat oversold and could easily break to fresh all-time highs
Financials (XLF) pull back slightly while Consumer Cyclicals and Industrials (XLI) push to all-time highs | Health Care (XLV) still with bullish divergence | Consumer Staples (XLP) break to 3-month high | Real Estate (IYR) and Utilities (XLU) still go nowhere, but are bullish |  Junk bonds (JNK) finally take a pause after 5 weeks of all-time highs
Questioning the downtrend in bonds (LQD, IEF, TLT)    
US Dollar slides for the 4th week in a row, but short-term oversold | Euro, Pound Sterling and Yen analyzed
Gold runs into resistance area and unable to penetrate for now | Gold miners (GDX) have minor bullish divergence
Energy SPDR (XLE) may indicate that oil has some more correcting to do
Natural gas (UNG) corrects within a bigger uptrend
Charts mentioned in this video are located here: stockcharts.com/public/1229503

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1 Comment
indira
7/10/2020 05:03:06 am

Hi. Great comment. I don’t have all the answers. My thoughts are as follows:
1) If Feb or Dec 2018 caused massive losses then… you traded too big and too aggressively.
Many people (not me) actually made money in those months.
2) I don’t think there’s any other way to trade than to pick your spots and be patient.
You’re also reducing risk by being patient.
I trade much less frequently than I used to, yet my results are the same (and I have less stress).
If you’d like to discuss, you’re welcome to book a call https://beststockstrategy.thrivecart.com/30-minute-call/
or take the alerts at
https://beststockstrategy.com/memberships/

Reply



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