Category: Basic Materials

03/27 – 03/31 Basic Materials

XLB

Prior pivots for trading this week are 53.25 and 51.38 on XLB. Don’t get too bearish until XLB broke and hold below 51.40, if we broke and hold below 51.40 watch for follow through to 50.50 trading weak stocks.

Strong stocks : 

SCHW, ALB, DOW.

Weak stocks : 

IP, VMC, MLM, FCX.

03/20 – 03/24 Basic Materials

XLB

Prior pivots for trading this week are 53.25 and 51.38 on XLB. Don’t get too bearish until XLB broke and hold below 51.40, if we broke and hold below 51.40 watch for follow through to 50.50 trading weak stocks.

Strong stocks : 

DOW, DD, ALB, IFF.

Weak stocks : 

MLM, WRK.