Senin, 31 Juli 2023

This Top Sector Just Closed Above Its Year Open

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This Top Sector Just Closed Above Its Year Open

Hey There Friend

And the winner of last week's sector view race was… China!

Don't get me wrong, there were many contenders including Energy (tracked by the XLE ETF). But what happened on Friday in the China ETF FXI (China large-cap stocks) really caught my eye...

It closed above its year open.

For the past few months, we've talked about how China will likely break out soon just based on just the charts.

Like it or not, the party is on for China. FXI is jumpy on a daily basis, so I prefer the weekly view instead.

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Sectors not looking so good based on last week's action include Utilities (XLU) and Real Estate (XLRE). You decide what that means, if anything.

Think and win!

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Think and Win!

Celeste Lindman

Celeste Lindman Trading


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