The Energy Stocks Are Breaking Out
The short-term downtrend (consolidation) continues.
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The Short-Term Leader List
The strongest ETFs are blue, the additional leaders are green and the weakest are red. The S&P500 is the benchmark. Disclaimer: This list is not a recommendation to buy or sell.
Consumer Discretionary on the leader list? And Energy is right behind and could soon be a leader.
Could this ETF be breaking out?
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The Energy stocks are breaking out. This is a nice looking turnaround.
(Click on image to enlarge)
(Click on image to enlarge)
Outlook
The ECRI index has bottomed out and is pointing higher.
The long-term outlook is improving.
The medium-term trend is up. The best period for buying is past.
The short-term trend is down.
Disclaimer: I am not a registered investment advisor. My comments above reflect my view of the market, and what I am doing with my accounts. The analysis is not a recommendation to buy, ...
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