With US stocks making new all-time highs I thought it might be worth checking over some of the major Sectors to see how each is performing. Some sectors are still consolidating and thus are worth watching for any breakout potential whilst others have broken out of technical trading patterns or through key S/R levels.
Gold and Silver are still on my radar as they both hold above key 61.8% fib support and as the US$ pauses near the psychological 100 level. In this post I review the charts of both metals and some of the ETFs/stocks that have my interest. I don’t pretend to know which way both will head […]
The NASDAQ is in focus with the looming November close as the index looks to try and hold the 5,200 level and print a potential third monthly candle close above this key breakout level. A successful hold above 5,200 would help to develop a bullish ascending triangle breakout following those already seen on the the S&P500 […]
Here are some charts of technical breakout patterns that I’m stalking and an update of some that are already in progress. There are quite a few charts and so just ticker symbols are shown.
Some of the stocks on my watch-lists are drifting towards trend lines suggesting that they could be gearing up for a breakout. As well, I’m noticing some rotation back into resource and material-related stocks and I’m not too surprised given the infrastructure focus current in the USA and China. Also, a few banking stocks are perky […]