Weis Markets, Inc. stock trades under the ticker WMK & has shown recent bullishness that traders & investors should research further into.
WMK stock closed at $81.87/share on 3/8/2023.
Weis Markets, Inc. WMK Stock’s Technical Performance Broken Down
Weis Markets, Inc. WMK Stock’s Technical Performance Over The Past Year
WMK Stock Price: $81.87
10 Day Moving Average: $80.41
50 Day Moving Average: $83.82
200 Day Moving Average: $80.38
Yesterday, WMK stock completed a bullish MACD crossover, gaining +0.97% on the day’s session.
Their RSI is neutral & recent trading volumes have been about average compared to the year prior, as they’ve spent the past week consolidating after some gains at the beginning of the month.
Their recent candlesticks imply that there is weakness on the horizon, which can provide a more opportune entry point for a position.
WMK stock has support at the $80.43, $80.41 (10 day moving average) & $80.38 (200 day moving average), as they try to break out above the $82.18, $82.59 & $83.82 (50 day moving average) resistance levels.
Weis Markets, Inc. WMK Stock As A Long-Term Investment
Long-term oriented investors will like WMK stock’s valuation metrics, with a 17.64 P/E (ttm) & a 1.64 P/B (mrq).
They recently reported 18% Quarterly Revenue Growth Y-o-Y, with 27.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet is also appealing, with $344.42M of Total Cash (mrq) & $185.95M of Total Debt (mrq).
WMK stock pays a 1.63% dividend, which appears to be sustainable in the long-run, as their payout ratio is 27.96%.
37.63% of WMK stock’s outstanding share float is owned by institutional investors.
Weis Markets, Inc. WMK Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can use options to profit from WMK stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $75 & $80 call options are both in-the-money.
The $85 & $100 puts are also both in the money, listed from highest to lowest level of open interest.
Tying It All Together
WMK stock has many interesting characteristics that traders & investors will find appealing.
Investors will like their balance sheet, as well as their dividend yield.
Traders will like their recent technical performance, but may wish their options had more liquidity.
Overall, it is worth taking a closer look into how WMK stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN WMK STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Texas Instruments, Inc. stock trades under the ticker TXN & has shown recent bullishness that traders & investors should look closer into.
TXN stock closed at $176.22/share on 3/8/2023.
Texas Instruments, Inc. TXN Stock’s Technical Performance Broken Down
Texas Instruments, Inc. TXN Stock’s Technical Performance Broken Down
TXN Stock Price: $176.22
10 Day Moving Average: $172.64
50 Day Moving Average: $173.42
200 Day Moving Average: $166.34
RSI: 54.06
MACD: -0.357
Yesterday, TXN stock completed a bullish MACD crossover, gaining +2.42% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, after they’ve spent much of the last month in a consolidation range.
TXN stock has support at the $174.54, $173.47 & $173.42 (50 day moving average), as they try to break out above their $176.50, $177.36 & $179.89/share resistance levels.
Texas Instruments, Inc. TXN Stock As A Long-Term Investment
Long-term oriented investors will like TXN stock’s 18.39 P/E (ttm), but may find their 10.76 P/B (mrq) to be a bit rich.
Investors should look for more reasons behind their recently reported -3.4% Quarterly Revenue Growth Y-o-Y, as well as their -8.2% Quarterly Earnings Growth Y-o-Y.
Their balance sheet looks appealing, with $9.07B of Total Cash (mrq) & $9.15B of Total Debt (mrq).
TXN stock pays a 2.73% dividend, which appears to be sustainable in the long-run, as their payout ratio is 49.84%.
88% of TXN stock’s outstanding share float is owned by institutional investors.
Texas Instruments, Inc. TXN Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from price movements in TXN stock’s price, while protecting their portfolio from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $175, $170 & $160 call options are all in-the-money, listed from highest to lowest level of open interest.
The $180, $185 & $190 puts are also all in-the-money, with the former strike being more liquid than the latter two.
Tying It All Together
TXN stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their balance sheet & dividend yield, but may want to look deeper into their recent growth metrics.
Traders will like their recent technical performance & how liquid their options are.
All-in-all, it is worth taking a closer look into TXN stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN TXN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Starwood Property Trust Inc. stock trades under the ticker STWD & has shown recent bullish behavior that traders & investors should research further into.
STWD stock closed at $20.10/share on 3/7/2023.
Starwood Property Trust Inc. STWD Stock’s Technical Performance Broken Down
Starwood Property Trust Inc. STWD Stock’s Technical Performance Over The Past Year
STWD Stock Price: $20.10
10 Day Moving Average: $19.58
50 Day Moving Average: $19.84
200 Day Moving Average: $20.44
RSI: 52.16
MACD: -0.106
Yesterday, STWD stock completed a bullish MACD crossover, despite falling -2.24% on the day’s session.
Their RSI is neutral & their recent trading volumes have been higher than usual.
The momentum behind their MACD crossover is mostly due to their bullish gap up on Monday, and traders & investors would be wise to wait to see how they perform in the coming days to see if the gap is not filled due to external macro conditions impacting the stock.
STWD stock has support at the $20.10 price level where they currently sit, as well as at the $19.84 (50 day moving average), $19.58 (10 day moving average) & $19.50/share price levels, as they try to break out above their $20.36, $20.37, $20.41 & $20.44 (200 day moving average)/share price levels.
Starwood Property Trust Inc. STWD Stock As A Long-Term Investment
Investors with longer time horizons will like STWD stock’s valuation metrics, with a 7.42 P/E (ttm) & a 0.93 P/B (mrq).
They recently reported -13.2% Quarterly Revenue Growth Y-o-Y, with 53.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination before investment, with $369.68M of Total Cash (mrq) & $20.64B of Total Debt (mrq).
STWD stock pays a 9.34% dividend, which may not be sustainable at such a high level for the long-run, as their payout ratio is 70.07%.
46.12% of STWD stock’s outstanding share float is owned by institutional investors.
Starwood Property Trust Inc. STWD Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from STWD stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 4/21 expiration date.
The $20, $18 & $19 call options are in-the-money, listed from highest to lowest level of open interest.
The $21, $24 & $23 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
STWD stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their valuation metrics and dividend yield, but may want to look for clues into its sustainability over the long-run.
Traders will like their recent technical performance & how liquid their options are.
All-in-all, it is worth taking a closer look into STWD stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACT POSITIONS IN STWD AT THE TIME OF PUBLISHING THISARTICLE ***
SPY ETF – SPDR S&P 500 ETF’s Technical Performance Over The Past Year
Their RSI is still neutral at ~53 & their MACD is beginning to curl in a bullish direction & recent volumes have improved, but remains about average.
It will be interesting to see how they hold up with support at $399.79, $399.27 (10 day moving average), $397.59 (50 day moving average), but it looks to be a volatile week ahead.
SPY has a lot of resistance in the $408 price-level zone ($408.17, $408.49 & $408.61), before jumping to $412.05.
QQQ, the Invesco QQQ Trust ET gained +2.68% this past week, gapping up stronger than SPY did on Friday’s session, although their volume has been more average than SPY’s recently.
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
Their next level of resistance is $304.69, followed by $309.78, $312.64 & $313.68.
QQQ’s support will likely be tested in the coming days, with the levels to watch being $296.17, $295.51, $295.01 (10 day moving average), before falling to $289.65.
IWM, the iShares Russell 2000 ETF gained +2.13% this week, with similarly “near-average” volume compared to the rest of the year prior.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
Like SPY & QQQ, Friday’s gap up moved IWM’s RSI to look bullish & their MACD is beginning to signal an attempt at a bullish crossover.
Let’s dive into the best & worst performing sectors/geo-locations!
Aerospace & Defense (DFEN), Industrials (DUSL), Germany (EWG) & Small Caps (UAA) Are All Bullishly Leading The Market
DFEN ETF – Direxion Daily Aerospace & Defense Bull 3x Shares ETF’s Technical Performance Over The Past Year
While their distribution will not provide much cushion at 0.40% annually (0.1% payout/quarter), they have support at $21.74 (10 day moving average), $21.47, $21.41 & $21.39.
Given where they are at currently it would be wisest to wait on any moves or use options strategies around these levels, as their next overhead resistance level is $22.70, followed by $22.80 & $23.14.
DUSL ETF – Direxion Daily Industrials Bull 3x Shares ETF’s Technical Performance Over The Past Year
Their next resistance levels are $36.55, $36.57 & $36.73.
Support levels are a bit lower, signaling investors who aren’t trading options around DUSL should wait until they test these levels again before entering.
Support levels currently are $35.00, $34.34 & $34.31 (10 day moving average), and there is a consolidation around the area of the 10 & 50 day moving averages.
EWG, the iShares MSCI Germany ETF has gained 10% (in addition to their 2.87% distribution for long-term holders), while gaining 44.47% since their low in September 2022.
EWG ETF – iShares MSCI Germany ETF’s Technical Performance Over The Past Year
Long-term holders will be rewarded the 2.85% in distributions, but this is currently too overheated for an entry, with overhead resistance at $28.91, $28.95 & $29.86.
Unless using options, it is best for long-only readers to wait to see how EWG performs against their support levels of $27.57 (10 day moving average), $27.45 & $27.24 (50 day moving average) before making an entry.
SAA, the ProShares Ultra Small Cap 600 ETF has lost -11.18% over the past year (with minimal cushion from their 0.39% distribution), but they have recovered +39.37% from their lows in September 2022.
SAA ETF – the ProShares Ultra Small Cap 600 ETF’s Technical Performance Over The Past Year
While they’ve begun to fill their most recent gap down, this one also is worth taking a wait & see approach for entering a position.
With resistance at $25.86, $26.16, $26.17 & $26.49, it will be important to see how they behave at their support levels of $24.27, $24.23 & $24.21.
Colombia (GXG), Mortgage Real Estate (REM), U.S. Telecommunications (IYZ) & Clean Energy (PBW) Are All Bearishly Lagging The Market
GXG, the Global X MSCI Colombia ETF has lost 32.13% (not including their 12.75% distribution paid to long-term holders), and is -38.73% from their high in April 2022.
GXG ETF – Global X MSCI Colombia ETF’s Technical Performance Over The Past Year
While their last week went well, resistance tests at $19.87, $19.91 & $20.11 will be imperative to see how much upward momentum they can gain, while they have support at $18.95, $18.82 & $18.79/share.
REM, the iShares Mortgage Real Estate Capped ETF has lost -17% over the past year (although their distribution of 10.58% to long-term holders helped cushion the fall), and has lost -22% since their high in March 2022.
REM ETF – iShares Mortgage Real Estate Capped ETF’s Technical Performance Over The Past Year
They have pivoted off of the low last Wednesday to recover for 2 days, but need to face tests at $24.49, $24.63 & $24.71 (50 day moving average) & have a long ways down to go upon failing, as support levels are $24.14 (10 day moving average), $23.20 & $23.11.
IYZ, the iShares U.S. Telecommunications ETF has lost 20.94% over the past year (excluding the 2.49% distribution they pay to long-term holders), down -23.23% from their high in March 2022.
IYZ ETF – iShares U.S. Telecommunications ETF’s Technical Performance Over The Past Year
The gaps up of last week don’t look strong here, with overhead resistance at $23.22, $23.23, $23.50 (50 day moving average) & $23.61.
Support levels of $23.07 (10 day moving average), $22.50 & $22.29 are going to be what to watch for to see how they hold up upon retest.
PBW, the Invesco Wilder Hill Clean Energy ETF has lost -20.48% over the past year (excluding their 3.69% distribution paid to long-term holders), losing -34.78% since their high in April 2022.
PBW ETF – Invesco Wilder Hill Clean Energy ETF’s Technical Performance Over The Past Year
Their next tests of resistance will be at the $45.17, $45.66 & $46.31/share level.
Support levels to watch are at $43.89, $43.67 & $43.47.
Tying It All Together
Monday will bring us Factory Orders data, followed by Fed Chairman Powell testifying to the Senate Tuesday, when Wholesale Inventories & Consumer Credit data will also be reported.
Wednesday will provide us with ADP Employment, U.S. Trade Balance, Fed Chairman Powell testifying to the House, JOLTs Job Openings data & Beige Book information.
On Thursday Jobless Claims data will be reported & Fed Governor Waller is scheduled to speak & Friday wraps the week up with Employment Report, U.S. Unemployment Rate & Federal Budget Data.
See you back here next week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS OF DFEN, DUSL, EWG, SAA, GXG, REM, IYZ or PBW AT THE TIME OF PUBLISHING THIS ARTICLE ***
CNH Industrial NV stock trades under the ticker CNHI & has shown recent bullishness that traders & investors should research further into.
CNHI stock closed at $16.82/share on 2/23/2023.
CNH Industrial NV CNHI Stock’s Technical Performance Broken Down
CNH Industrial NV CNHI Stock’s Technical Performance Over The Past Year
CNHI Stock Price: $16.82
10 Day Moving Average: $16.39
50 Day Moving Average: $16.55
200 Day Moving Average: $13.94
RSI: 54.39
MACD: -0.048
Yesterday, CNHI stock completed a bullish MACD crossover, gaining +2.5% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral.
They have climbed steadily in February, but are signaling near-term weakness, which investors & traders can use to get a more favorable entrypoint.
Using the past 52 week’s data, CNHI stock has support at the $16.55 (50 day moving average), $16.54 & $16.39/share price levels, as they try to break out above their $17.98/share resistance level.
CNH Industrial NV CNHI Stock As A Long-Term Investment
Long-term oriented investors will like CNHI stock’s 11.01 P/E (ttm), but may find their 3.18 P/B (mrq) to be a bit too rich.
They recently reported -23.5% Quarterly Revenue Growth Y-o-Y, with 96% Quarterly Earnings Growth Y-o-Y, which investors may want to look into with more detail.
Their balance sheet also warrants a closer review, with $3.8B of Total Cash (mrq) & $22.96B of Total Debt (mrq).
CNHI stock pays a 2.32% dividend, which appears sustainable in the long-run, as their payout ratio is 19.81%.
50.12% of CNHI stock’s outstanding share float is owned by institutional investors.
CNH Industrial NV CNHI Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can use options to profit from CNHI stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 3/17 expiration date.
The $15, $12.50 & $10 call options are all in-the-money, with the former strike prices being more liquid than the latter ones.
The $17.50 puts are also in-the-money.
Tying It All Together
CNHI stock has many unique attributes that traders & investors will find appealing.
Investors will like their stable dividend yield, as well as their valuation metrics.
Traders will like their recent technical performance.
Overall, it is worth taking a closer look into CNHI stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN CNHI STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Tyson Foods Inc. stock trades under the ticker TSN & has shown recent bullishness that traders & investors should research further into.
TSN stock closed at $62.36/share on 2/23/2023.
Tyson Foods Inc. TSN Stock’s Technical Performance Broken Down
Tyson Foods Inc. TSN Stock’s Technical Performance Over The Past Year
TSN Stock Price: $62.36
10 Day Moving Average: $61.10
50 Day Moving Average: $63.18
200 Day Moving Average: $72.72
RSI: 49.31
MACD: -0.761
Yesterday, TSN stock completed a bullish MACD crossover, gaining +1% on the day’s session.
Recent trading volumes have been above average compared to the year prior & their RSI is neutral.
However, recent days’ candlesticks are signaling that there is more short-term losses on the horizon, which provide opportunity for more favorable entry points for traders & investors.
TSN stock has support at the $61.10, $59.65 & $59.38/share price level, as they try to break out above their $62.49, $63.01 & $63.16/share resistance levels.
Tyson Foods Inc. TSN Stock As A Long-Term Investment
Long-term oriented investors will like TSN stock’s valuation metrics, with a 9.17 P/E (ttm) & a 1.12 P/B (mrq).
They recently reported 2.5% Quarterly Revenue Growth Y-o-Y, with -71.8% Quarterly Earnings Growth Y-o-Y, which investors may want to get a better understanding about.
Their balance sheet will also require a more thorough examination, with $656M of Total Cash (mrq) & $8.35B of Total Debt (mrq).
TSN stock pays a 3.01% dividend, which appears to be sustainable in the long run as their payout ratio is 27.64%.
85.16% of TSN stock’s outstanding share float is owned by institutional investors.
Tyson Foods Inc. TSN Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can use options to profit from TSN stock’s price movements, while protecting their portfolio from volatility.
I am looking at the contracts with the 3/17 expiration date.
The $60, $55 & $57.50 call options are all in-the-money, listed from highest to lowest level of open interest.
The $62.50, $65 & $67.50 puts are also all in-the-money, with the former being more liquid than the latter two strikes.
Tying It All Together
TSN stock has many interesting characteristics that traders & investors should look closer into.
Investors will like their valuation metrics & dividend yield, but may want to research their balance sheet structure in more detail before investing.
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, it is worth taking a closer look into how TSN stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN TSN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
Anheuser-Busch InBev ADR stock trades under the ticker BUD & has shown recent bullishness that traders & investors should research further into.
BUD stock closed at $59.10/share on 2/21/2023.
Anheuser-Busch InBev ADR BUD Stock’s Technical Performance Broken Down
Anheuser-Busch InBev ADR BUD Stock’s Technical Performance Over The Past Year
BUD Stock Price: $59.10
10 Day Moving Average: $58.66
50 Day Moving Average: $59.76
200 Day Moving Average: $54.25
RSI: 49.63
MACD: -0.193
Yesterday, BUD stock completed a bullish MACD crossover, gaining +0.48% on the day’s session.
Their recent trading volumes have been below average compared to the year prior & their RSI is neutral, as their price has spent the past few months consolidating.
Recent technical indicators signal that there may be near-term losses on the horizon for BUD, which can provide better entry points for traders & investors.
BUD stock has support at the $58.66 (10 day moving average), $58.37 & $57.79/share price levels, as they try to break out & above their $59.76 (50 day moving average), $61.89 & $61.96/share resistance levels.
Anheuser-Busch InBev ADR BUD Stock As A Long-Term Investment
Long-term oriented investors will like BUD stock’s 23.74 P/E (ttm) & 1.63 P/B (mrq).
ConAgra Brands Inc. stock trades under the ticker CAG & has shown recent bullishness that traders & investors should look deeper into.
CAG stock closed at $36.36/share on 2/21/2023.
ConAgra Brands Inc. CAG Stock’s Technical Performance Broken Down
ConAgra Brands Inc. CAG Stocks’ Technical Performance Over The Past Year
CAG Stock Price: $36.36
10 Day Moving Average: $36.22
50 Day Moving Average: $37.75
200 Day Moving Average: $34.75
RSI: 44.51
MACD: -0.449
Yesterday, CAG stock completed a bullish MACD crossover, dropping -0.14% on the day’s session.
Recent trading volumes have been about average compared to the year prior & their RSI is neutral, as the stock has been consolidating over the last couple of weeks.
Recent candlesticks are signaling future declines in the near-term, which can provide more favorable entry points for traders & investors.
CAG stock has support at the $36.22 (10 day moving average), $35.67 & $35.65/share price levels, as they try to break out above their $36.44, $37.75 (50 day moving average) & $40.93/share resistance levels.
ConAgra Brands Inc. CAG Stock As A Long-Term Investment
Long-term focused investors will like CAG stock’s valuation metrics, with a 25.4 P/E (ttm) & a 1.97 P/B (mrq).
They recently reported 8.3% Quarterly Revenue Growth Y-o-Y, with 38.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a more thorough examination, with $39.7M of Total Cash (mrq) & $9.65B of Total Debt (mrq).
CAG stock pays a 3.53% dividend, which may not be sustainable in the long-run, as their payout ratio is 91.13%.
85.3% of CAG stock’s outstanding share float is owned by institutional investors.
ConAgra Brands Inc. CAG Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can use options to profit from price movements in CAG stock, while protecting their portfolio from volatlity.
I am looking at the contracts with the 3/17 expiration date.
The $36, $34 & $35 call options are all in-the-money, listed from highest to lowest level of open interest.
The $37, $38 & $40 puts are also all in-the-money, with the former being more liquid than the latter strikes.
Tying It All Together
CAG stock has many interesting attributes that traders & investors are sure to like.
Investors will like their valuation metrics, but may want to look deeper into the status of their dividend’s sustainability, as well as their balance sheet before investing.
Traders will like their recent technical performance & weekly options expiration dates.
All-in-all, it is worth taking a closer look into CAG stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN CAG STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***
On Friday, SRE stock completed a bullish MACD crossover, gaining +0.65% on the day’s session.
Recent trading volumes have been slightly below average compared to the year prior & their RSI is neutral after consolidating over the last few months.
SRE stock has support at the $158.20, $157.63 & $156.80/share price levels, as they try to break out above their $163.63, $164.39 & $164.43/share resistance levels.
Sempra Energy SRE Stock As A Long-Term Investment
Long-term focused investors will like SRE stock’s valuation metrics, with a 22.02 P/E (ttm) & 1.89 P/B (mrq).
QQQ ETF – Invesco QQQ Trust ETF’s Technical Performance Over The Past Year
They have support at the $297.25, $295.34 & $295.04, as they look to try to break above their $304.40, $304.69 & $309.78 resistance levels.
IWM, the iShares Russell 2000 ETF finished the week +1.48%, with smaller cap stocks having the strongest week based on the major indexes.
IWM ETF – iShares Russell 2000 ETF’s Technical Performance Over The Past Year
They enter this week with support at the $192.80. $191.54 & $189.15 & their nearest resistance points are $199.26 & $200.03/share.
Let’s dive into this week’s top & bottom performing ETFs that provide dividends & also have tradable options.
Please note as reading this week’s post that due to anticipated volatility, using options strategies is the most effective way to trade the names listed below, but it began to sound redundant during the publishing.
Mexico (EWW), Steel (SLX), US Home Construction (ITB) & The Netherlands (EWN) Are All Bullishly Leading The Market
ITB ETF – iShares US Home Construction ETF’s Technical Performance Over The Past Year
They have less protection from their modest 0.76% dividend, and signal further declines in the near-term based on their bearish MACD & most recent candlesticks.
With overhead resistance also near the 52 week highs at $70.04 & $73.90, it would be best to wait & see how they behave around their $68.21, $67.83 & $67.76 support levels before entering a new position.
EWN ETF – iShares MSCI Netherlands ETF’s Technical Performance Over The Past Year
They’ve spent much of 2023 so far consolidating in the $41-43 range & their MACD signals that there is more near-term losses on the horizon.
With only 1.75% in protection from their dividend & resistance at the $43.57 & $43.67/share range, it would be wise to see how they behave at their $42.19, $41.38 & $41.29/share support levels before entering a position.
China (YINN), Utilities (UTSL), Psychedelics (PSIL) & Junior Gold Miners (SGDJ) Are All Bearishly Lagging The Market
YINN ETF – Direxion Daily FTSE China Bull 3x Shares’s Technical Performance Over The Past Year
Their MACD is beginning to turn less bearish, with an RSI approaching oversold territory.
Their support level of $47.63 will be critical, as their next support levels from the past 52 weeks are at $42.45 & $40.65 & their 1% dividend does not offer much cushion.
UTSL, the Direxion Daily Utilities Bull 3x Shares’s Technical Performance Over The Past Year
Their MACD recently turned bullish, and their RSI is approaching neutral again, while we wait to see if they pivot upwards from their $27.58 support level they just touched.
UTSL has resistance overhead at the $31 & $31.89/share price levels, with additional support at the $30.22, $30 & $29.56/share (10 Day Moving Average) price points.
SGDJ ETF – Sprott Junior Gold Miners ETF’s Technical Performance Over The Past Year
Their $28.12 support level will be important to watch, with the next levels coming in at $27.52 & $27.17.
SGDJ’s MACD is beginning to level out, but it is still too early to tell if it will turn bullish in the near-term or not, although their RSI is fast approaching oversold territory.
SGDJ’s next resistance levels are $29.35, $29.42 & $30.25.
Tying It All Together
This week will kick off slowly, with the markets being closed Monday in observance of President’s Day.
Tuesday we get the S&P Flash US Services PMI, S&P Flash US Manufacturing PMI & Existing Home Sales data.
Wednesday brings us the FOMC Minutes of the February 1st Meeting, followed by Initial Jobless Claims, GDP & Atlanta Fed President Bostic speaking on Thursday.
Friday concludes the week with Consumer Spending, Personal Income (both nominal), PCE Index, Core PCE Index, Core PCE Y-o-Y, New Home Sales & Consumer Sentiment numbers.
Have a great week!
*** I DO NOT OWN SHARES OR OPTIONS CONTRACTS IN SPY, QQQ, IWM, EWW, SLX, ITB, EWN, YINN, UTSL, PSIL or SGDJ AT THE TIME OF PUBLISHING THIS ARTICLE ***
