01/03 – Waiting For Trump

All things mentioned in my market research  are the same, but there’s more caution in the air because meny secotors are overbought as I said.

XLV daily and weekly charts : 

xlvd1    xlvw1

IBB daily and weekly charts : 

ibbd1    ibbw1

On monday and tuesday we had a great move in Healthcare leaded  by biotech sector as IBB broke last week hi. I played this in stocks like AMGN, CELG, EXEL and PTLA mentioned in my market research  for biotech .See if IBB will broke and hold above 300 for anover move.

XLU and /CL daily charts : 

cld1     xlud1

Also we see that utilites showed some commitment and relative strength on thuesday as we broke 52.75. The prior pivot for now is 51.20, see if they hold and watch for follow through trading strong stocks.

Oil have played a nice support bounce from low of the flag, nothing changed and see if it remain strong.

Gold have showed some weakness and it looks like it needs a little more time to rest. Now the prior pivot  is 1237 on /GC.

Also at 9:00 pm ( New York Time ) President Trump Speaks to congress and lets see what he says, maybe this will give some new opportunities tomorrow.

If something will change i will come with an update.

 

 

 

 

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