The View; XLE Up 7 Days In A Row
- Posted by ZorTrades
- on January 22nd, 2013
For the week SLV, XES, and XLE were the best performing ETF’S, the bottom 3 were XLK, GDX, and the QQQ (as per the ones that I track). Going through the View a couple of things stand out; the XLE is up 7 days in a row and it’s set up for a possible mean reversion play (ERY-INVERSE). The SLV is now trading above its upper bollinger band making it a possible mean reversion play as well (DSLV-INVERSE). Quite frankly, money is just coming into the market, as of right now it’s been spread out in the offensive sectors and defensive sectors, the TLT and the GDX are the only 2 etf’s down for the year.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
blog comments powered by Disqus
Frank Zorrilla is the founder and chief investment officer of Zor Capital LLC.He began his Wall Street career 10 days after his 20th birthday when he became a Series 7 licensed stock broker. More »
Sign up for ZorTrades FREE updates.
Additional Articles and Updates
- 7 Things You Should Know About This Market
- 10 Things You Need To Know Before You Start Trading Every Morning
- Which Stocks To Take and How Much Should You Risk
- I Only Want To Correlate On The Way Up
- Beaten Up Plays
- The Huge Love Affair With The Miners
- The Most Significant Thing That Happened Yesterday
- Watch List 12/4
- A New Chinese Darling
- It’s Not What It Seems