A quick daily and weekly update of some US sectors vs. SPY. The daily view shows Financials still above the moving averages and so not in trouble. Energy is easing to test its SMA 50 breakout vs. SPY. In NFTRH 469 we noted that Healthcare “needs to reverse its downtrend right now”, and that is what it is doing so far. Industrials, Materials and Tech … Continue reading Sectors ‘vs. SPY’
This morning I saw a color other than green in the futures and global markets. US and global markets are down and the knee jerk reason seems to be a China growth slowdown along with a side of the Spain crisis and US congressional shutdown. And then there is this standard fare for October (MarketWatch). The media are probably completely neutralizing the potential for market … Continue reading NFTRH; Stock Markets
