16/11/22. Finspiration Evening Report.
XJO falls for third straight day.
XJO down -0.27%. Fall in the past three days have been relatively modest. It might need to come off a bit more and wear down the overbought readings before traders see this market as being enticing to enter.
Financials (XXJ) were weak today - down -1.02%. XXJ was the leading sector recently It is slowly working off its overbought reading. It might need to test the 200-Day MA before rebounding.
Energy (XEJ) was the best performing sector today, up +1.18%. It is now in a sideways consolidation after topping out om 8 November.
NH-NL Cumulative.
NH-N Cum is tantalisingly close to rising above its 10-Day MA. Close isn't good enough.
Wait for a decisive move to the upside.
It's early in the evening, but Dow Futures are currently up +0.25%.
No comments:
Post a Comment