MATERIALS SELECT SECTOR SPDR -much needed consolidation well underway now!

MATERIALS SELECT SECTOR SPDR -much needed consolidation well underway now! 

Cloud chart update

Cloud Chart Book: S&P 500 & Sectors

Here is the cloud chart book of the S&P 500 and subsector analysis from a cloud chart perspective.

S&P 500 Spyders Cloud Chart Book December 2016

XLF ETF strong rally, but time for a consolidation!

The XLF spyder ETF performed very well over the last few weeks. After the cloud chart buy signal, it is up 21.67%. Now I do expect some form a consolidation of recent moves. Consolidation possible towards the 23% Fib level.

XLFS ETF ripe for a consolidation!

The XLFS financials etf  is looking rather ripe for a consolidation at these levels after a 12.8 % rally since the cloud chart buy signal. Time to take some profits off the table, and then revisit a retracement trade with profit target into January. I expect a retracement back to the 38% fib level, and will be looking very closely as to what the MACD will be telling us of the duration of this current rally.

Weekly Cloud Chart Market Analysis Week: 8th December 2016

Weekly Cloud Chart Market Analysis Week:  8th December 2016.
Big picture market review using cloud charts.:
S&P 500
Nasdaq Comp
Nasdaq 100
Dow Jones
FTSE 100 Index
DAX 30 Index
STOXX 600 Index
Presented by R Muller.

S&P 500: Digging into old highs to test support!

S&P 500: Digging into old highs to test support!

Critical week ahead, as S&P 500 is consolidating recent gains, and now in its way to test the 2175/2154 levels for support. A much needed consolidation at old highs is now underway, and this can present new opportunities going into the year end.

FTSE 100: Possible rebound from cloud support!

FTSE 100: Looking out for a rebound from key cloud support.

Old cloud chart support levels of 6793/6597 is a key support zone, that could come into holding the floor for the next level up into the year end. I am watching these levels closely for a rebound this week!