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Stock Market Recap: April 21, 2017 - SPY QQQ IWM DIA NYA XLF XLI XLU XLY XLE JNK LQD TLT UUP GLD GDX USO UNG

4/22/2017

1 Comment

 
•Stocks finish the week mixed with small gains, but short of a breakout  * S&P 500 prints an Inside Week * QQQ is less then ½ percent from all-time highs on good market breadth * IWM with bullish divergences  * Transportation (IYT) stocks gain strongly * This could be the leading indicator of a fresh push higher * Financials (XLF) may not be done correcting, but likely close * Cyclicals (XLY) and Staples (XLP) hit all-time highs * Strength in bonds is translating into strength in Utilities (XLU)
Junk bonds within striking distance to fresh highs – this is good for stocks * Long-dated Treasuries (TLT) move higher, but could be finding resistance at the yearly pivot point * Diversified bonds (AGG) close the November gap * Investment-grade corporates (LQD) print a shooting star on a weekly chart
US Dollar looses for the week vs Euro and Sterling, but flat vs the Yen * Long-term the Dollar is still bullish, but short term weakness may persist
  Gold could be poised to challenge overhead resistance around $1338 * GDX underperforms gold for the week as it works-off overbought conditions
West Texas Intermediate Light Crude Oil takes a dive with 6.69% loss – more likely to come * Energy (XLE) continues to slide with bearish market breadth
Is Natural gas printing a massive Head and Shoulders top?
Watch this video on YouTube here: youtu.be/e3-5_zAQ1ZE
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1 Comment
indira
7/10/2020 04:59:27 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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