There are two approaches to trades:
Trading isn’t easy. But trading WITH the market or a sector, whether it’s rising or falling, and not fighting the current, is certainly less difficult.
Below are Sector Performance charts for the past week and month. Of note are:
Real estate continues its tear. It’s again the leader of the 13 sectors shown for the week just ended..
For the rolling month (last 4-5 weeks), we see this:
Our other analysis piece is our summary screen showing (1) the state of the sectors with their 20-, 50- and 200-day SMAs; (2) how stretched they are as expressed by their standard Bollinger Bands and their stochastic readings showing overbought/oversold conditions; and (3) for context, how they are sitting in relation to their rolling year performance as expressed by their 52-week channels.
Looking at the above, our observations are:
Look for setups Tuesday morning before the market opens!