Saturday Chart Fest
Good Saturday Morning Chart Fans!
Most charts haven’t budged in weeks (SPX 2 weeks ago 6279; today 6296) so most of the lines remain the same. Even the RUT (IWM), where they tell me all the action is, is pretty much the same place it was two weeks ago. I’m going to keep my eyes on the interest rate sensitive groups in the coming weeks. Utes are pushing to a new high and IYR has been knocking up against resistance. The Homies is what everyone else has their eye on!
Some days it feels like they are going to revive that Old Economy/New Economy stuff from 25 yrs ago, only now mining is ‘new economy’.
DJIA
Transports.
Utes
SPX
Naz
IWM
QQQ
QQQJ. Juniors giving it another try.
BUZZ. A new one, it’s got all the hot stocks in it. h/t to Jonathan Krinsky of BTIG.
IGV. Back to eating the world?
XLI
SOX
Bank Index.
XLE
OIH
XME
XLB
URA
XLP
XLV
XBI
PALL. Over extended but take a look at my social media timeline(s) and see the weekly chart.
LIT. They finally rallied this laggard.
ITB
IYR
Gold. 300 remains a big level for me.
VGK.
KWEB. Finally got over that line.
McClellan Summation Index. Heading down.
Bondaleros. Yield in the 10 yr.
DXY. Crossed the line at 98. Now needs to hold over 98.
Insiders. Getting a bit frisky in their selling.
Citi Panic/Euphoria.
Thank you Helene. I've only been following you for about a month. I like your charting. I do a lot of charting myself but it's good to see other viewpoints. Thanks again, Jeff.