Despite decline in major indexes during the week, there are encouraging signs of multi-week bases emerging in laggard sectors such as $XLE, $XLRE, and $XLF.
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While the market concluded the week on a strong note on all front, ironically stock selection can become increasingly challenging because pullbacks always seem imminent.
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1. $MGK +1.11% further supported index level performance as $QQQ +1.18% bounces off its trendline and rising 10-MA. 2. The broader market, though, exhibited weakness
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1. A welcoming consolidation in the market after a big recent run. Remarkable that major indexes were able to close off their session lows thanks
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$FFTY – Innovator IBD 50 ETF (Weekly) The weekly price action has surpassed the 50-week MA level this week, which had not been achieved since
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