WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

...If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Weekend

Weekend

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Wed. July 18 @ 2:00 pm ET ~ Beige Book Report
* Wed. Aug. 1 @ 2:00 pm ET ~ FOMC Announcement
* Fri. Aug. 3 @ 8:30 am ET ~ Employment Data
* Fri. Aug. 10 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. Aug. 22 @ 2:00 pm ET ~ FOMC Meeting Minutes
* Mon. Sept. 3 ~ U.S. markets closed for Labour Day Holiday
* Wed. Sept. 26 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts + @ 2:30 pm ET ~ Fed Chair Press Conference
*** Click here for link to Economic Calendars for all upcoming events

IMPORTANT BLOG POST UPDATES...
* Trade Wars have escalated and now include diplomatic wars PLUS President Trump is cannibalizing prior U.S. market gains with his tariff tantrums against its world trading partners, while destabilizing a delicate world market balance

Wednesday, November 22, 2017

Technology Sector Up 34% in 2017

As can be seen on the Year-to-date percentages-gained/lost graph below, the Technology sector (XLK) leads the other eight major sectors in gains, so far, this year.


It's in a fairly smooth, strong uptrend, and has been relatively devoid of much volatility, overall, compared with the other sectors, as shown on the 1-Year Daily charts below.


The longer-term Monthly chart below shows that XLK is approaching its all-time high price of 65.44. We'll see whether it continues to push higher to tag or exceed that high, as we approach the Christmas shopping/holiday period and the equity market's year-end.

Results of this week's Black Friday spending may provide clues as to continued strength, or not. I'd also keep an eye on the Consumer Cyclicals (XLY) and Consumer Staples (XLP) sectors to gauge such strength/weakness. In particular, watch for XLP to break and hold above major resistance at 55.00, as well as a bullish (20 & 50-day) moving average crossover.

It remains to be seen whether the anticipated raising of interest rates by the Fed on December 13 has any impact on consumer spending this season, but that may be reflected in those three sectors. They may simply push higher, then see profit-taking occur in January as further economic data becomes available.


Have a safe and Happy Thanksgiving!