My market thesis remains that the recent strength is just a sizable counter-trend rally that will fizzle out -- and keep an eye on jobless numbers this week.
Let's review the charts and indicators of XLE.
An interesting concept to consider in the current market environment.
It's still not a stock picker's market, but have a list of names ready to perform amid the coronavirus crisis.
I have no false illusion about striking it rich in this name, but a staple such as this can have a place in my portfolio.
In the short term, market direction is going to be dictated by reaction to extremely poor economic news.
I could be surprised but right now the charts of OMC are just not positioned for a sustained recovery rally.
With so many charts of companies in weak positions lately, it's refreshing to see charts so strong as AMD.
NET is a company essential to the stay-at-home economy.
The charts of the producer of medical equipment are holding up well, though its shares eventually could run into resistance.