Transport Sector Nearing Breakdown Level - SPX, QQQ, DIA and IYT
We are at 10th trading weeks of 2018. The stock market started the year with a strong performance and shifted in February with first negative monthly closing for the index in the last 16 months or since 2016, volatility arises in February, spilled into March. , since the beginning of March, we have 3 streaks of closing at full percentile closing. This is a very healthy action in the market, as this widespread movement spurs liquidity. See table below.
The Technology sector continues to dominate as the alpha sector, S&P 500, QQQ is in full bullish level signal. While Dow Industrials at a Neutral level and Transport sector keep falling at technical sell levels.
If you have been following our daily update on Moving average, I published on Friday as NASDAQ/ Technology sector to watch on Friday as it can save the entire market from falling -- Apple, Alphabet, Amazon and Facebook alone are worth nearly $3 Trillion in Market Capitalization. https://www.tradersfish.com/blog/5th-streak-of-full-1-closing-price-spx-spy-dia-and-iyt
- Apple (AAPL) Amazon (AMZN) Netflix (NFLX) Alphabet (GOOGL)
- SPY, QQQ, DIA, XLF, XRT, XLE, IYT, IWM, IBB, SMH
Twitter: @ Kris_tin27