xlf

Weekly Sector Wrap-Up (sept 29 - Oct 3)

 
Read the full article: http://www.weeklyta.blogspot.com

This week was an emotional rollercoaster for investors. The volatility was probably embraced by traders, but I’m sure it wasn’t easy for them either. I can say for a fact that although I made out ok, there were times where if I didn’t act quickly, I would have been in trouble.

Vested Interest: 
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Tap Into These 3 ETFs for Wind-Energy Profits

Jim Stanton says two clean-energy ETFs that look undervalued right now are PBW and GEX. He also recommends FAN for a more wind-specific ETF.

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Bonus Trades: Long Financials, Short Energy

Should you place these trades? No. Should you even think about it? No. If you’re in the New York metro area, should you spend today outside instead, enjoying the not unpleasant 55 degree weather? Most definitely.

Stock Symbol: XLE ENERGY SELECT SPD Stock Price: $56.30 Todays Change: +1.41 (+2.57%)

Rolling Top in Financial Stocks – Tighter Credit Environment Could lead to a 20% Pullback

 

The rolling top in the xlf chart combined with a tighter credit environment to crush financial stocks

Stock Symbol: XLF FINANCIAL SEL SPD Stock Price: $17.56 Todays Change: -0.24 (-1.35%)

XLE NEARS INTERMEDIATE TERM SUPPORT ON THE DAILY CHART

 

The perception of a us recession is causing a pullback in the energy sector. As of mid-January, the energy sector's ETF - XLE has entered the upper end of an intermediate support zone. Only a full blown recession is likely to cause the xlf to fall through this support zone and prompt a re-evaluation of underlying price support

Stock Symbol: XLE ENERGY SELECT SPD Stock Price: $56.21 Todays Change: +1.32 (+2.40%)