Nasdaq (+0.01%) gapped higher but closed flat. The price remained above the EMA21 and SMA50 while consolidating in this area. It will be healthy to have a new base here and to see the price igniting later. Watching the marked levels. SP-500 (0.48%) remained at the opening level. Taking into account the decreasing volumes during the week, the investors and traders are digesting this advance and waiting for a new price confirmation (up or down). A price above the SMA200 might signal strength while a rejection will be another reminder we are still in a bear market. Watching the marked levels.
Appreciate your set ups each day. I seem to be seeing growing weakness in energy, and some strength in some areas in Health Care. Do you ever consider trading ETF's? I made a small buy in IHF.
It's not on your top 20 industry list but shows some new high candidates.
Trading Plan: 21 November 2022
Hello Laurentiu,
Appreciate your set ups each day. I seem to be seeing growing weakness in energy, and some strength in some areas in Health Care. Do you ever consider trading ETF's? I made a small buy in IHF.
It's not on your top 20 industry list but shows some new high candidates.
Thank You and good hunting.