The Industrial Sector is Bullish – Buy the Dip in XLI

Steel stocks

The Industrial Sector is Bullish

We are monitoring the relative strength in the Industrial Sector (XLI), which indicates buyers accumulating shares near the 50ma. This persistence has turned the cycle noticeably higher. Also, note the wick on Monday’s candle, where buyers stepped in at the low of the day.

XLI Cycle 11-28-2017

Industrial Sector Components – Buy the Dip

This is a quick glance at the S&P500 SPDR XLI components. Several stocks are breaking out and most are trading above their respective 20 and 50 day moving averages. If price action remains above the 9/20ema and 50ma, we consider bullish trades only.

XLI Part 11-28-2017

XLI Part 2 11-28-2017

Consider these stocks for longer-term swings, if XLI pushes higher today. And, remember the overall cycle in the NYSE Composite (2000 stocks) remains on a bullish trend.

Futures are modestly higher this morning.

Happy Tuesday,

Vinny

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Cyber Monday Opening Range



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Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Investment Warnings
We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.
Vinny Gambini

Trade Fundamentals w/ Technical Analysis - CANSLIM method using high probability setups and Ichimoku Trend Analysis. Architect, Family Man and Father of three.