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Energy is usually the last shoe to drop
Posted on April 20, 2014 Leave a Comment
CLIFF NOTES: below you will see a butterfly top coming into play in the XLE. 98 and/or 110 should act as major resistance. Let’s take a look at the potential set-up’s coming into play: DJ Transports have completed a MAJOR BEAR pattern w/ the AB=CD completing from the late 1800’s. DJ Utilities have a MAJOR […]
going thru the heavy weights that make up the S&P …
Posted on February 2, 2014 Leave a Comment
in Mid-December 2013 we went thru the top weighted (by percentage) sectors in the S&P after the most re-weighting … at the time, most of them were either finishing or approaching or hitting sell patterns. As of this writing, the patterns have held w/ no significant failures or break-outs. this is bearish … only time […]
the importance of the recent reweight in the S&P 500
Posted on December 21, 2013 1 Comment
yesterday was a quarterly option expiration AND an important S&P reweighing .. our last post at the sectors of the S&P 500 were dominated by technology, energy and financials … that changed, pretty substantially. now, hot of the presses the sectors are: information technology 18% : using VGT as a proxy. see chart below. SELL […]
Part IV and “your time is gonna come”
Posted on November 10, 2013 1 Comment
this is the Part IV post from a couple months ago: https://bartscharts.com/2013/09/15/part-iv-sp-and-energy/ this energy sector needs to be watched … the OSX, XOI, XLE are painting the same picture as they have gone up in the context of targets that have now been hit or are completing just a little higher. Crude, however, has been […]
Part 2 of Part 1-V on the S&P
Posted on October 20, 2013 Leave a Comment
Part 1 was a look around the world at different equity indices based on ETF’s: https://bartscharts.com/2013/09/14/part-1-the-sp-500-but-first-we-need-to-go-around-the-world/ of note is the Global Equity ETF (ACWI) and the SELL pattern that is appearing as we showed in our last “around the world” update shown below. Overall, nothing to crazy but the analysis appears to have been correct. […]
the upcoming week of 9/22 for the S&P
Posted on September 22, 2013 1 Comment
our S&P post last week of parts I-V spelled out the overall look and feel for the S&P as we approached and eclipsed new highs … we took a look at technology, financials and energy. additionally, throughout the past weeks, we have walked thru the circle of life for fixed income, the dollar and certain […]