XLK Weekly: Breakout Higher Early Week Before Price Discovery To 92.29s, New All-Time Highs – Technology Select Sector SPDR ETF (NYSEARCA:XLK)

2019-12-29

In this article, we examine the significant weekly order flow and market structure developments driving XLK price action. As noted in last week’s XLK Weekly, the highest probability path for this week was for price discovery higher, barring buy-side failure at key support, 89.96s. This primary expectation did play outRead More →

XLK Weekly: Breakout Higher Early Week Before Price Discovery To 91.06s, New All-Time Highs – Technology Select Sector SPDR ETF (NYSEARCA:XLK)

2019-12-21

In this article, we examine the significant weekly order flow and market structure developments driving XLK price action. As noted in last week’s XLK Weekly, the highest probability path for this week was for price discovery higher, barring buy-side failure at key support, 88.40s. This primary expectation did play out,Read More →

Asian markets gain after record highs on Wall Street

2019-12-16

Asian shares rose Tuesday following a rally on Wall Street that sent the major indexes to record highs, cheered by surprisingly strong economic reports out of China. Japan’s benchmark Nikkei 225 NIK, +0.48%   added 0.5% in early trading. South Korea’s Kospi 180721, +1.01%   gained 1.1%. Hong Kong’s HangRead More →

XLF Weekly: Pullback Continued To 29.45s Where Buying Interest Halted The Corrective Phase From All-Time Highs – Financial Select Sector SPDR ETF (NYSEARCA:XLF)

2019-11-17

In this article, we examine the significant weekly order flow and market structure developments driving XLF price action. As noted in last week’s XLF Weekly, the highest-probability path for this week was for price discovery higher. This primary expectation did not play out, as balance developed early week around lastRead More →

XLU Weekly: Price Discovery Lower To 61.48s As Structural Breakdown Unfolds From All-Time Highs – Utilities Select Sector SPDR ETF (NYSEARCA:XLU)

2019-11-10

In this article, we examine the significant weekly order flow and market structure developments driving XLU price action. The highest probability path for this week was for sell-side activity within the context of last week’s late sell excess, 64.50s-64.30s. This week’s primary expectation did play out as price discovery lowerRead More →