Dow and CAT. XLY and NKE.
The XLY is a heavily weighted sector in all three broader averages and CAT is a heavily weighted name in the Dow. So while we look to the long side in /ES and /NQ, what are these two recently battered down names doing?
The XLY is a heavily weighted sector in all three broader averages and CAT is a heavily weighted name in the Dow. So while we look to the long side in /ES and /NQ, what are these two recently battered down names doing?
In this video, we talk about the drop in market movement we are seeing and where we may go.
The Russell continues to follow through with the clearing range trade I look for each day, and energies keep right on with their uptrend.
The long position in energy got just what the bulls needed in a correction to long position while the Russell was strong in early morning trading… but does the sideways Russell tell the market that fatigue is coming? Not so fast…