Keeping track of the stock market is wise if you have any dealings with it because it can save you money. If you invest you need to watch the market. It changes a lot sometimes. This shows you some signals to keep an eye out for. These are things anyone dealing with stocks should know about.
On CNBC’s “Futures Now” Thursday the managing director of Louise Yamada Advisors said there are three charts that show how the post-election rally has gone “a little too far, too fast.” According to Yamada, the Dow Jones Industrial Average is in a “sideways consolidation” that could signal “a pullback of about 5 or 6 percent.” Her chart of the Dow shows that the index has traded in a range of about 1.
Health care is a huge industry. New jobs are always being created. This is a good field to go into for work because there never seems to be a shortage of jobs no matter what happens with the economy. This talks about further expansions to health care which will create more jobs and more money.
- Chartists looking for the weekly leaders in High-Low Percent can look at the 5-day SMA.
- Tech is leading because the 5-day SMA of XLK High-Low% ($XLKHLP) is at +6.4%. Healthcare High-Low% ($XLVHLP) hit 13.33% on Wednesday and this was the highest reading since August 1st.
- Consumer discretionary is clearly the weakest sector for internal metrics because High-Low Percent was negative three of the last five days.
“Tech is leading because the 5-day SMA of XLK High-Low% ($XLKHLP) is at +6.4%. Healthcare High-Low% ($XLVHLP) hit 13.33% on Wednesday and this was the highest reading since August 1st.”
Deregulation is going to change the financial and insurance market if it happens. This explains how and gives five specific companies as examples. The hopes of these companies are discussed. They’re companies you have probably heard of. This is a good place to start learning about deregulation if you don’t yet understand what it will do.