In this Asia Update video I look at China’s Shanghai Composite, Hong Kong’s Hang Seng Index and India’s Nifty 50.
Two China ADRs today…Baidu (BIDU) which some call the Google of China and YY, Inc (YY). Continue reading
Today we look at the Energy Select Sector SPDR ETF (XLE) and ask whether the energy sector has hit the wall.
The XLE is one of the most active industry sector ETFs with a 50 day moving average of 95 million shares. It tracks a market-cap weighted index of US energy companies in the S&P 500.
In the big decline from the peak in June 2014 to the low in January 2016, XLE smashed thru a major uptrend line from the 2002 low, in July 2015. It pulled back to it last November but then quickly fell away.
It has had a big move up off the January low, but running into significant resistance at 72.0. It has not broken down yet. Watch for consecutive closes below the 10 week ema and then for the 10 ema to cross below the 21 sma. Look at September 2014 and June 2015 for good examples.
Weekly April 2011 – Sept 2016
The top three holdings in the Energy Sector ETF are Exxon Mobil (XOM) at 18.65%, Chevron (CVX) at 14.81% and Schlumberger (SLB) at 8.83%. I’ll start with Exxon Mobil. Continue reading
In this stock market update video I review this week’s market action by reviewing the Dow Jones Industrial Average, the VIX and 3 key ETFs…semiconductors, homebuilders and financials. I then review the solar stocks ETF, TAN.
By the way this is a very abbreviated version of what my Insider Members get…check out the membership page.
In this Asia Update video I review this week’s market action looking at China, India and Japan. I then zoom in on Baidu (BIDU), the Google of China, for the latest development.
Many traders and investors constantly tinker with their technical indicators thinking that if they tweak this or add that, that they will get great results or solve a problem they may be having.
That if you find the right technical indicator, or combination of technical indicators, that will be the holy grail and you’ll be rich. I talked about this some in my post on July 16. Continue reading
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