ARTICLE SYNOPSIS...After a huge decline, XLE is consolidating in a converging range. Which pattern is being built?
ARTICLE SYNOPSIS...The bull market in XLE that started in 2002 came to an end in May 2008. XLE has broken the up trendline and is now in a market correction that could see XLE fall to 50 or more.
ARTICLE SYNOPSIS...XLF is close to completing an ABC zigzag market correction. Will it mark the bottom for the financial sector or if it is simply a part of a much larger market correction?
ARTICLE SYNOPSIS...XLF made a market top in May 2007 and has been trading lower ever since. Now it looks as if XLF is close to a market correction that could retrace from 38% to 62% of the ground lost in the decline.
ARTICLE SYNOPSIS...By using a simple momentum indicator, it is possible to determine the trend and momentum of XLF.
ARTICLE SYNOPSIS...By casual observation, XLF looks like it is forming a double bottom, but don't be taken in. XLF has found some short-term support, but the main trend is still down, and here's why.
ARTICLE SYNOPSIS...XLB has been in a long-term uptrend since 2002 but may be getting ready to reverse its trend. A symmetrical triangle has formed on the daily chart and has signaled a trend reversal.
ARTICLE SYNOPSIS...XLK made a market low in mid-January and has been trading in an upward trend ever since. However, the evidence points out that this uptrend is nothing more than a bear market rally that is about to end.
ARTICLE SYNOPSIS...XLU has been in a bull market trend since 2002, but that trend looks to be ending with a head & shoulders trend reversal pattern.
ARTICLE SYNOPSIS...XLU formed a head & shoulders major trend reversal pattern and has hit the price target based upon this pattern. Is XLU now ready to bounce or will it continue lower?