This is interesting, Explains the recent chops in the Market and Energy stocks.
If this so called bottom in oil any good, then we should see some improvement in this sector, along with this HUGE sector, the market will get better.
Apart from this chart - DIA - Broke out. MDY - Broke out. The next is SPY ? we shall see.
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as a note to fellow traders, At any given point in time, you should know where the Sectors are. This should drive your trading decisions. Not a news article, that says, "oh Oil is at the bottom, buy them"
If this so called bottom in oil any good, then we should see some improvement in this sector, along with this HUGE sector, the market will get better.
Apart from this chart - DIA - Broke out. MDY - Broke out. The next is SPY ? we shall see.
-------
as a note to fellow traders, At any given point in time, you should know where the Sectors are. This should drive your trading decisions. Not a news article, that says, "oh Oil is at the bottom, buy them"
Uday C Santhakumar
udaycs.substack.com/
udaycs.substack.com/
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Uday C Santhakumar
udaycs.substack.com/
udaycs.substack.com/
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.