Tag: XLV

Not Time to Accumulate Stocks Aggressively

there is currently a test of support at last week’s breakout point. Momentum and Money Flow measure are not favorable over the near to intermediate term, suggesting that this is not a time to accumulate stocks aggressively. What the bulls want to see is S&P stabilizes and climbs above 2830. The longer the index stays below that level, the more vulnerable it is to lower prices. This is the real danger in the current market

S&P in Process of Establishing Interim Low

based upon recent trading action, the S&P could be in a process of establishing an important interim low where the next upswing will be based and launched. However, a close above the trend channel moving average is required before there is any real prospect of a change in the short-term downward trend pressure. As for strategy, traders should consider taking down exposure into additional strength

Trading Strategy – Health Care Select Sector SPDR ETF

  One of the noteworthy developments in recent days has been the move in health care. The group was under selling pressure in recent days as investors scrambled for cover over fears that almost every sector and multinational company could suffer some collateral damage if trade war tensions rise.  The Health Care Select Sector SPDR […]

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