WEEKEND SECTOR CHARTS

xlf - financials / daily

imo they're a buy with an 11.60 stop. estimates are next to nothing for the week's data releases. tsy's should sell well enough and geo-political risk is actually reduced by the events in iran, thinking concessions from the regime.






kre - regional banks / daily


if not at the depths of hell already, i'd have more respect for this topping formation. nice squeeze started fri








kce - capital markets / daily



yes that's one big rollover dome, but they got it stopped an reversed. its what we can see, gotta go with it







iyr - reits / daily



again, a trendline bounce with enough juice to turn the indicators. volume the main concern







xle - energy / daily



now this is spooky. looks like a for real dbl top playing out. if we get an iran knee jerk, worried it'll be quickly sold. but who'd want to actually short it this close to trend? dunno, but dont like it here





xle / hourly




certainly not long until we get a close above this congestion






xlb - materials / daily




somewhat better than energy, but no, the reflation trade is pretty sick atm







xlb / monthly


if xle and xlb were a band, they'd be called 'the no v bottom boys'. they're weak, but nothing confirmed yet, on any time frame







xly - consumer discretionary / daily



ominous formation, but like it for at least a bounce here on upturned indicators with decent volume friday.







xlk - tech / daily



easier to go with the indicators here. like it for a leg 5 on this wedge








xlk / weekly



macdh not looking all that friendly. everything else that i monitor though, is bullish. thing just really looks like it wants to trend some more