ticker cloud(Confessions of a Stock Operator)
Start Date: 9/20/2018 |
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By: ShortMeTina The past few weeks has made for a very boring market. But boredom can breed ideas at times. I've watched the stock market endlessly looking for signs of life and I may have found some. I said to myself, "there has to be a stock or sector, setting up somewhere for a trade." While I can sit for hours on end looking through charts for possible trades, I had no intentions on going through thousands of charts. So I decided to resort to an old method and take a short cut by looking through sector ETFS. By doing this; I had hopes of getting a glimpse into what sector (s) my attention should be 'zeroed-in' on. Specifically speaking, I went through 9 SPDR ETF's. Consumer Discret Sel Sect SPDR ETF (XLY) The Select Sector SPDR Trust - The Consumer Staples Select Sector SPDR Fund (XLP) The Select Sector SPDR Trust - The Energy Select Sector SPDR Fund (XLE) The Select Sector SPDR Trust - The Financial Select Sector SPDR Fund (XLF) Health Care Select Sector SPDR ETF (XLV) The Select Sector SPDR Trust - The Industrial Select Sector SPDR Fund (XLI) The Select Sector SPDR Trust - The Materials Select Sector SPDR Fund (XLB) The Select Sector SPDR Trust - The Technology Select Sector SPDR Fund (XLK) SPDR S&P Retail ETF (XRT) After a "good enough" analysis; I would say most are in the extended or approaching the over/extended territory, with the exception of healthcare and retail. As odd as that may sound; if you're looking for trade ideas on the long side; pay attention to the healthcare and retail sector. I am. What are your thoughts?
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AuthorTina "ShortMeTina" Ley (pronounced Lee) holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over a decade. Currently a Full-Time Trader and Blogger of all things financial. Archives
October 2018
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