Sector rankings in-line with expectations.


Market: XLE (Energy ETF)

Reason for observation: Daily bull flag setup

Short-term bias: Bullish

Long-term bias: Neutral

Great looking pullback for energy stocks. Perfectly setup for future strength.


Market: XLK (Technology ETF)

Reason for observation: Daily bull flag setup

Short-term bias: Bullish

Long-term bias: Bullish

Finally seeing money flowing back into tech and this just may be the beginning. A breakout above the upper trend-line and it wont be long before tech would make new all time highs.


A clear picture visualizing the spread increasing between risk on sectors, tech and consumer discretionary and defensive sectors, healthcare and consumer staples.


Another new high made on another commonly used “Risk-on” indicator.