The prior pivots for trading this week are 87.49 and 85.65 on XLY. As long as XLY hold below 87.49, stay bearish and watch for follow through to clear 85.65, trading weak stocks. If bulls build up power and broke 87.49, see if they hold and watch for follow through to 87.75, trading strong sub industries/stocks.
Strong stocks :
AMZN, DIS, MCD, PCLN, CHTR, FOXA, MAR, CCL, RCL, FOX, HAS, TIF, DRI, WYNN, SNI, PHM.
Weak stocks :
GM, F, TGT, GPL, LB, KMX, AAP, LKQ, KSS, JWN, UA.
As long as US economy continue to improve this sector will continue move to the upside, he already has shown a clear move with higher highs(HH) and higher lows(HL) with a uptrand line from Trump post election ( with violet on XLY chart ) .
The prior pivots for trading this week is 87.75 and 86.77 on XLY. As long as XLY hold 86.77, stay bullish and watch for follow through to clear 87.75 level, trading strong stocks. If bears build up power and broke 86.77,with also means broke of the trendline see if they hold and watch for follow through to 86.10 and after to 85.50 level on XLY, trading weak sub industries/stocks.
Strong stocks :
AMZN, HD, DIS, PCLN, NKE, TWX, LOW, NFLX, MAR, CBS, CCL, DLPH, ULTA, RCL, EXPE, MHK, DISH, HAS, HOG, LEN, TIF, DRI, GT, WYNN, PHM, TGNA.
Weak stocks :
TGT, LB, KMX, KORS, TRIP, SIG, URBN.
As long as US economy continue to improve this sector will continue move to the upside, he already has shown a clear move with higher highs(HH) and higher lows(HL) with a uptrand line from Trump post election ( with purple on XLY chart ) .
The prior pivots for trading this week is 87.58 and 86 on XLY. As long as XLY hold 86, stay bullish and watch for follow through to clear 87.58 level, trading strong stocks. If bears build up power and broke 86,with also means broke of the trendline see if they hold and watch for follow through to 85.5 and after to 84 level on XLY, trading weak sub industries/stocks.
As long as US economy continue to improve this sector will continue move to the upside, he already has shown a clear move with higher highs(HH) and higher lows(HL) with a uptrand line from Trump post election ( with purple on XLY chart ) .
The prior pivots for trading this week is 87.58 and 86 on XLY. As long as XLY hold 86, stay bullish and watch for follow through to clear 87.58 level, trading strong stocks. If bears build up power and broke 86,with also means broke of the trendline see if they hold and watch for follow through to 85.5 and after to 84 level on XLY, trading weak sub industries/stocks.
*On friday we will have new data about labor market.
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As long as US economy continue to improve this sector will continue move to the upside, he already has shown a clear move with higher highs(HH) and higher lows(HL) with a uptrand line from Trump post election ( with purple on XLY chart ) .
The prior pivots for trading this week is 87.32 and 86 on XLY. As long as XLY hold 86, stay bullish and watch for follow through to clear 87.32 level, trading strong stocks. If bears build up power and broke 86,with also means broke of the trendline see if they hold and watch for follow through to 85.5 and after to 84 level on XLY, trading weak sub industries/stocks.
News :
Tuesday, February 28, 2017
| 10:00 | USD | CB Consumer Confidence (Feb) |
Wednesday, March 1, 2017
| 08:30 | USD | Personal Spending (MoM) (Jan) |
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