Greg rolls through some of the industry groups within Consumer Discretionary. In Apparel, there are some nice setups. but the homebuilders are looking weak as a group. How weak?
This is a great example of featuring charts focusing just on the technicals and what makes a chart interesting and potentially bring profits. Greg brings us 5 names that are showing positive buying opportunities and explains with each one why. These factors include, relative strength, Stochastics, Percentage Price Oscillator (PPO), price action and more.
The market gently worked lower over the last week. Almost like we ran out of buyers. Greg shows the immediate posture of the market to start this week. Then the gold trade has been limping sideways for three months and the SCTR rankings are still holding up in lots of the names. Working through, there is a risk that the gold names sell off here. Check it out to see if you agree. The Aerospace names have been weak and with all the drama in the South China Sea, could these names start to soar to the fore? Have a look!
Greg runs through the top 100 stocks on the software industry and highlights some new names just breaking out of big bases that look ready to move.