Exxon Mobil slips 1.5% as sellers edge ahead in the weekly bar
Exxon Mobil slips 1.5% and the run of higher lows on the daily chart has broken, with price slipping below the last trough. The weekly structure stays bullish, with sellers ahead in the weekly bar: technical analysis of week 8 of the buy signal, trade up 4.2%.
XLY slips 1.7%: 5 lower highs on the daily chart and distribution underway
XLY slips 1.7% and prints 5 lower highs on the daily chart, from the 119 area toward the 112 area. Last week's sell signal holds: technical analysis of XLY, the US consumer discretionary ETF, with distribution underway and the lows close by.
XLV bounces 1.8% as buyers take back 76% of the week's volume
XLV bounces 1.8% and buyers take back 76% of the week's trade. Money flow turns positive while the MACD histogram keeps sliding: XLV technical analysis and price action trading on the US healthcare ETF, now +12.7% since entry.
XLU sheds 3% with 99% of volume selling: the decline gains conviction
XLU sheds 3% with 99% of volume on the sell side and stays pinned to its lows. XLU technical analysis of the US utilities sector ETF: money flow deteriorating, ADX rising for 7 weeks, and a swing trading short now in its 7th week, up 5.8%.
XLRE sheds 2% and sits on its lows: money flow negative after 16 weeks
XLRE sheds 2% and closes the week pinned to its 7-day low. Technical analysis of the US real estate sector ETF: sellers dominant, money flow negative after 16 weeks, and a sell trade setup now in its 3rd week.
XLP sheds 0.7% and closes a fifth down week with buyers gone
XLP sheds 0.7% and stretches its slide to a 5th week, with 100% of weekly volume on the sell side. For swing trading the setup stays weak, and any trading strategy faces a MACD below its Signal line and money flow negative for 3 weeks.
XLK adds 1% and stays glued to its 7-day high: the breakout is still pending
XLK adds 1% and stalls again below its 7-day high, in the 189.8 area. XLK technical analysis shows a 4% bounce off the 20-day average, ADX falling for 11 weeks and a trading strategy now in the 5th week of an open buy signal.
XLI sheds 1.5% and the decline holds its stride into its 4th week
XLI sheds 1.5% and closes its 5th straight down week. The sell signal is in week 4 and strength climbs to 100: lower lows, pace holding. XLI technical analysis of the levels that matter for swing trading.
XLG adds 0.5% and bounces off its 20-day average, with the breakout still to come
XLG bounces 2% off its 20-day average and returns to the edge of its 7-day high, in the 63.2 area. XLG technical analysis — the Invesco ETF on the S&P 500's 50 largest names: a buy signal in week 6, orderly price action, still a thin push.
XLF sheds 2.4% as sellers take extreme control of the weekly bar
XLF sheds 2.4% and opens a fresh sell signal right at its recent lows. Sellers dominated the weekly bar and buying fell below 25% of volume: heavy price action trading on the US financial sector ETF, still perched above its long-term averages and one for swing trading watchlists.
XLE slips 1.3% and stays glued to its highs as the buy signal turns 9 weeks old
XLE slips 1.3% and stays pinned near its highs, rejected 3 times in 10 weeks. Technical analysis of the US energy sector ETF: a swing trading setup with sellers ahead on price action, ADX rising and the buy signal now in week 9, up 11.5%.
XLC slips 1.6% as the MACD histogram turns down after 7 weeks up
XLC slips 1.6% and the MACD histogram turns down after 7 weeks of gains. Sellers ruled the weekly bar and distribution is underway: the buy trade setup reaches week 9 barely above breakeven, still penned inside a narrow band.
XLB sheds 1.9% as a fresh sell signal fires with sellers owning the bar
XLB sheds 1.9% and closes its fourth down week with sellers owning the bar. A fresh sell signal fires on the US materials sector ETF, yet price is hugging its lows and the price action argues for patience before any swing setup.
TeraWulf +1.6%: buyers take 98% of volume while money flow stays negative
TeraWulf climbs 1.6% for a third straight week, with 98% of weekly volume on the buy side. Money flow has stayed below zero for 13 weeks and distribution continues: the sell signal on this US stock is 12 weeks into management, almost 20% in profit.