02/27 – 03/03 Industrials

xlid1       xliw1

Like many other strong sectors, industrials have a clear move, with higher highs(HH) and higher lows(HL) from 11/09 when Trump was elected as president of US, also we have a long-term trend line from 1/18/2016 ( with violet on XLI chart).

The prior pivots for trading this week is 64.97 and 66.28 on XLI which are also the highs and lows on weekly chart for the last 2 weeks. As long as XLI hold 64.97, stay bullish and watch for follow through to clear 66.28 level, trading strong sub-sectors/stocks. If bears build up power and broke 64.97, see if they hold and watch for follow through to 64.13, trading weak sub-sectors/stocks.

News : Wednesday, March 1, 2017

10:00   USD ISM Manufacturing PMI (Feb)

Construction Materials : 

  • Weak Stocks : VMC .

Aerospace & Defense : 

  • Strong Stocks : BA, BEAV, GD.

Electrical Equipment : 

  • Strong Stocks : AME .
  • Weak Stocks : EMR.

Industrial Conglomerates : 

  • Strong Stocks : HON, MMM.

Machinery : 

  • Strong Stocks : CMI, ITW .
  • Weak Stocks : AGCO.

Commercial Services & Supplies : 

  • Strong Stocks : RSG, WM.

Health care Equipment & Supplies : 

  • Weak Stocks : DHR.

 

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