WEEKEND SECTOR CHARTS

^
^

9:45am
xrt - retail - daily



taken only in context of this time frame, you'd think heavy distribution.. 'one double top, coming up'






xrt / weekly

but considering the bigger picture, imo the above response looks rather timid. weekly breakout, but dont like this candle, especially after a gap fill. but still, calling slight advantage for the bulls going into the new week. a 'in late but not getting punk'd outta my shares' situation





xlk - tech - daily



can't respect this daily doji, %R or high +dmi. this is tech, and it is trending until proven otherwise








xlk - weekly


weekly breakout right into a trendline.. can't respect this either. trending with plenty left on these indicators. back test that %R30, you'll see it can easily run pegged in this sector






xlf - financials - daily


closed on support after a minor breakout all but failed entirely. have a maybe on the adx with a slight divergence on the histo, and that's about it. weak







xlf - weekly

the good: %R is technically about to enter bull trend territory. also, if i ran any signal line between value 1 and 10 on the smi, we'd still be on the same buy from late march.
the bad: that price action still looks pathetic, like never recover type of pathetic

^
^
opinion: its still on..
plenty of time before the congressional races to suddenly price in the fundamental fear out there that this liberal juggernaut will end up reacting to inflation by placing price controls on business while at the same time forcing wages to keep pace