XLC on watch now with the communications area, Netflix earnings
report being negative, etc.
There will be a point where a reversion to mean trade will be
available, just like recently was with the transports (IYT), which
is still going at the moment. I also posted the staples prior (XLP)
which gave an amazing swing trade from 72s to 80 &
change.
There are 11 sectors in the stock market and it is one big
rotation from one place to another. One trading strategy is to find
out where the opportunity is when things get too stretched and
there is a great risk/reward. Buy supports, sell
resistances.
XLC on watch now with
Posted by fundamentalvalues on 20th of Apr 2022 at 10:24 am
XLC on watch now with the communications area, Netflix earnings report being negative, etc.
There will be a point where a reversion to mean trade will be available, just like recently was with the transports (IYT), which is still going at the moment. I also posted the staples prior (XLP) which gave an amazing swing trade from 72s to 80 & change.
There are 11 sectors in the stock market and it is one big rotation from one place to another. One trading strategy is to find out where the opportunity is when things get too stretched and there is a great risk/reward. Buy supports, sell resistances.
Here are the holdings: https://finance.yahoo.com/quote/XLC/holdings?p=XLC
Chart here with the 9/13 ma: https://schrts.co/tWparHTd