This are the sectors that I usually follow as they usually are active and offer the best trading opportunities in my opinion. So lets see how they behaved this week and what is setting up for the next: Oil (USO, XLE, XOP, XES): After the drop and sharp bounce, oil is showing no clear signs of direction, while oil related and energy stocks seem to be pulling back. Technology (QQQ,XLK,SMH,NFLX,FB,AMZN): Technology seems to be leading...
Volatile day on the market in what was a boring directionless week. The Trump speech affected strongly the biotech sector while leaving the others quite untouched. During the Trump speech the SPY went down sharply but quickly recovered showing signs of support and possible trend continuation this week or the next. Some sectors that I consider to be showing BULLISH setups are: Oil (USO, OAS, WLL, RIG, XES): Oil made sharp moves to the downside...
