XJO weakened again today, down -0.35%.
Here's the chart fort STW (ETF for XJO)
STW formed an inside day - inside the range of Friday.
It is opposite a Congestion Zone and sitting on a support level - so no wonder we had a narrow range doji candle today. Not much conviction in the market today.
2-Day EMA of the Force Index is now below the 13-Day EMA of the FI - that's a bearish move.
The only sectors having sizeable upside moves today were Energy +0.63% and Materials +0.4%. Staples was flat +0.03%.
The weakest sector by far was IT - down a whopping -2.79%.
Gold Miners continues to benefit from the War in the Middle East. GDX up today +3.2%.
In early European trade this evening, STOXX600 is flat -0.05%. Gold has dropped -0.83% (which might be a good sign about the ME War). Oil has also dropped -0.21%.
Dow Futures are up +0.29%
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