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Stock Market Recap: May 26, 2017 - SPY QQQ IWM DIA XLF XLY XLK XLU XLP XRT XLE XOM TGT UUP GLD GDX USO

5/28/2017

1 Comment

 
​•Stocks set fresh highs on relatively thin volume | Breadth divergences still remain | Technology, Industrials, Utilities and Staples break to fresh all-time highs | Retail lags | Financials (XLF) may not yet be done correcting | S&P 500 closes above R1 Pivot | QQQ closes above R2 Pivot | Fresh highs are bullish for stocks

•Resilience in junk bonds confirms bullish posture for stocks

•TLT maintains the gap from last week | AGG and LQD may be headed for a retest of all-time highs | This is concerning for the stock market

•US Dollar broke support last week, but is attempting to bottom | Retest of November lows still in the cards | Major currencies trade flat for the week

•Gold has another good week and could be headed for a retest of 2017 highs | Bullish divergence on GDX suggests a continuation of the move up

•Oil recovers some of the losses from Thursday’s plunge | The bigger trend is down for oil | XLE has another bad week | Bearish divergences on XLE suggest further downside | XES already at 52-week lows

•Peak Oil Demand may come as soon as 2020
​
•BlackRock and Vanguard may “push [XOM] for a climate ”stress test” gauging impact of green tech on its assets”
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1 Comment
indira
7/10/2020 04:57:40 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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