📈 Focus on These Sectors

This is where money is flowing.

Sectors to Watch

The first sector I am looking at is XLI - industrials. This sector benefits the most from the dollar dropping.

The dollar dropped today and XLI made a nice move and is now above the 55 SMA and 12 SMA. The next step is to break above the 22 SMA which will indicate that it is ready for a swing trade.

We’re also seeing XLE move higher and show relative strength which warrants a look. Note that we do have CVX and XOM earnings in this sector today.

Finally we see that financials are wedged in between the 55 SMA and 12 SMA. Holding the 55 yesterday was really nice now we just need to see it break the 12.

This is where I would primarily be focusing right now. Tech isn’t showing the strength that these sectors are.

For more sector analysis, watch the video below: