Two of my favorites sectors to trade are banks and transportation
stocks, why, certainty, you see, is very unlikely that a bank whose stock you
are long fails a Food and Drugs Administration test sending the stock 50% down
in minutes, also if you are short, a transport company is not going to invent
the internet or something, doubling or tripling the price quickly. Most of the
times I avoid tech and biotech stocks.
Now with that preamble, take a look at the charts:
In the general market we are seeing an increment in
volatility, of course that in itself is not conclusive, only meaning you have
to tight your stops and start looking for some shorts, but still cautiously
Even though the majority of stocks as of this moment are
undecided about up trending or down trending, still the percentage of stocks in
an uptrend is above the percentage down trending, generally speaking.
Banks are behaving almost in tandem with the general market,
volatility increasing but stocks in an uptrend surpassing those down trending.
So with banks and every group is like that, look for alignment
of volatility and trend tendencies, right now, I lean a little bit to the
downside, let’s wait for next week action, these are only probabilities, people
Transportation stocks are starting to going down, will it
Here are industries and indexes in bullish and bearish
territory as of the close yesterday.
I’ve been long for a while now in transport via the XTN and
IYT etf but they are low volume, so if you trade a big amount maybe is better
to look for the leaders in the industry.
I’m still long the DOW with DIA, and been short for a while
with IYR. However the etf keeps going up even though the majority of companies
in the REIT industry are on bear territory, it has to do with the major
Financials jumped to short territory yesterday, futures are
up this morning so let’s see what the day brings.
los porcentajes a la baja quedaron todavía dominando el mercado general pero
los grupos están divididos.
industrias el porciento de stocks en territorio positivo supera las de
expectativa a la baja:
Industriales, Tecnología, Productos de consumo básico, Utilidades y Transporte
industrias al cierre quedaron con porcentaje a la baja superior:
Autos, Finanzas, Ventas al detalle, Energía, Materiales Básicos y Productos de consumo discrecional
la alza con volumen menor al promedio, como les dije yo no cierro posiciones
basado en precio sino en los indicadores, al cerrar el día mantuve abiertos
todos mis shorts, solo un cambio general en los indicadores me llevará a