XLK edges up 0.2% and stalls below its 7-day high as ADX fades for 10 weeks
XLK, the US technology sector ETF, edges up 0.2% and stalls below its 7-day high, with ADX fading for 10 weeks. Technical analysis of XLK shows a buy signal in its 4th week, strength cooling to 27.
XLI slips 1.7% this week as the decline extends to new lows, though sellers start to ease off
XLI slips 1.7% and extends its decline with three lower highs, though seller dominance is starting to ease. Sell signal in its 3rd week, trading not recommended per our model — weekly technical analysis on XLI.
XLG slips 0.2% as the buy signal loses steam in its 5th week
XLG, the Invesco ETF tracking the S&P 500's 50 largest names, slips 0.2% as its buy signal loses steam in week 5. Weekly technical analysis: price near highs, but volume is contracting and Strength is fading.
XLF slips 1.5% as the ADX cools after a 12-week climb, first pause of the run
XLF, the US financial sector ETF, slips 1.5% and closes its first down week after 12 weeks of rising ADX. The long trade opened in week 21 stands at +9.19% since entry, with the stop now above entry. ETF technical analysis.
XLE gains 1.7% but volume contracts near its record highs
XLE, the US energy sector ETF, gains 1.7% and stays close to its record highs, already tested twice in ten weeks. A trade setup to watch: contracting volume and rejection bars as the buy signal's 8th week runs up 12.9%.
XLC gains 0.5%: MACD improves but weekly volumes keep contracting
XLC, the US Communication Services ETF, holds its open buy signal in week 8, up 1.76%, but price action trading signals show contracting volumes and IQS down to 52 - a cautious trading strategy going forward.
XLB drops 2.8% and breaks its stops: the managed trade is now closed
XLB, the US materials ETF, sheds 2.8% in its third straight weekly decline, with 81% of volume on the sell side. The 22-week managed trade closes below its published stop levels: weekly technical analysis of the setup.
TeraWulf gains 1.4%, but the bounce comes under seller pressure
TeraWulf stock rises 1.4%, but under seller pressure. Technical analysis of the ongoing decline, now in its 11th week: the stock stays boxed between support and resistance, with the short still above 20% profit.
Walmart closes flat (0.0%) as the Sell signal starts losing steam
Walmart closes a flat week but with 97% of volume on the buy side: the Sell signal, active for 15 weeks, is losing steam. Our Walmart stock technical analysis tracks the decline's evolution week by week.
Wells Fargo +0.4%: the 20-day bounce holds, but the candle shows fatigue
Wells Fargo stock slows to 0.4% after last week's rally, holding thanks to a bounce off the 20-day moving average, in the 88 area. Weekly technical analysis of the trade, now up 10.19% since entry.
Western Digital sheds 4.3% as sellers retake control of the tape
Western Digital sheds 4.3% this week as sellers retake control of trading. Technical analysis of the Sell signal under management for 11 weeks, with the short above 17% in gains: money flow and ADX point to a decline losing conviction.
Verizon stock +0.9% this week: bounces off its 20-day average as the buy signal reaches week 6
Verizon bounces off its 20-day moving average and climbs 0.9% this week, while the IQS rises to 65. Verizon stock technical analysis: the buy signal is up 8.1% in its 6th week, a solid setup for swing trading.
VXUS slips 1.4% as sellers retake control of volume
VXUS, the Vanguard international ex-US stock ETF, slips 1.4% as sellers retake control of volume after weeks of gains. Weekly technical analysis of the trade in management, now up 7.22% since entry.
VWO slips 1.8% as sellers regain control in emerging markets
VWO, the Vanguard emerging markets ETF, slips 1.8% after last week's rally. Technical analysis: sellers regain control of volume, while money flow stays positive but is slowing down.