To: rimshot who wrote (211) | 1/24/2022 5:07:05 PM | From: ajtj99 | | | I still make the H&S top target on HD to be about $330, but I measure from the spot where the neckline is under the top of the head, which is not quite the way it's supposed to be done. However, over the years I've found that measurement to be most accurate by my observations. |
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To: rimshot who wrote (217) | 2/3/2022 9:39:10 AM | From: rimshot | | | sector rotation to defensive S&P 500 sectors continues -
stockcharts.com
" This Relative Rotation Graph shows the recent rotation for the groups of cyclical sectors (Equal-weight). It's pretty clear that these tails are not representing a group of sectors that is driving a strong bull market.
Materials and Real-Estate are inside the leading quadrant but have already started to roll over. So at least they are taking a break from their prior up-moves. Consumer Discretionary is nose diving further into the lagging quadrant confirming it's recent weakness.
The only sector that does reasonably well in this group is Financials which are crawling back up towards the leading quadrant, albeit at a very short tail. " |
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To: rimshot who wrote (218) | 2/3/2022 11:39:29 AM | From: rimshot | | | five S&P 500 sectors showing their daily close vs. the 55-day EMA -
stockcharts.com
XLF and XLE are the only 2 out of 5 sectors shown which remain above their 55-day EMA
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