Weekly summary Week 36
SPY
Overall looks still good. Formed higher low and attempt to break 294.
Next to see if it break 294 or come down retest on a higher low.
QQQ
Similar to SPY, having higher lows and trying to break 189.
GLD
Gold remain all time high since Mar 13 (6.5 years). To see if it remains high and break 150, it would be a critical moment watching stock come down in 1 to 2 months.
USDCNY
USDCNY continue to form all time high, in respond to trade war escalation. China continue to leverage currency to dampen the effect of tariff.
DXY
With still on target GDP (prelim) economics indicator and stronger than expected personal spending, USD continue to sore to 1-year high. This cause foreign investor continue to stay investing in US.
XLU & XLP
Continue moving up and it can serves as indicator that sector rotation is happening for investor to seek for safer sector.
XLRE
Housing and real estate is moving in an uptrend. It indicating, the economy is not stable in stock market but it does not impact too much in other areas.
XLY, XLK, XLC, SOXX, XLI
Making good progress recovering from dip, outperforming SPY and QQQ.
XLV, XLF, XLB
These sector are not doing well and has been lagging behind quite some time.
XLE
Energy has been performing very badly this year. This is partly the overall slow down in economy and suggesting the lower consumption of energy.
KLSE
Malaysia market has been performed badly as well. Good to see strong support formed but subsequently to watch it forming lower high.
SPY
Overall looks still good. Formed higher low and attempt to break 294.
Next to see if it break 294 or come down retest on a higher low.
QQQ
Similar to SPY, having higher lows and trying to break 189.
GLD
Gold remain all time high since Mar 13 (6.5 years). To see if it remains high and break 150, it would be a critical moment watching stock come down in 1 to 2 months.
USDCNY
USDCNY continue to form all time high, in respond to trade war escalation. China continue to leverage currency to dampen the effect of tariff.
DXY
With still on target GDP (prelim) economics indicator and stronger than expected personal spending, USD continue to sore to 1-year high. This cause foreign investor continue to stay investing in US.
XLU & XLP
Continue moving up and it can serves as indicator that sector rotation is happening for investor to seek for safer sector.
XLRE
Housing and real estate is moving in an uptrend. It indicating, the economy is not stable in stock market but it does not impact too much in other areas.
XLY, XLK, XLC, SOXX, XLI
Making good progress recovering from dip, outperforming SPY and QQQ.
These sector are not doing well and has been lagging behind quite some time.
XLE
Energy has been performing very badly this year. This is partly the overall slow down in economy and suggesting the lower consumption of energy.
Malaysia market has been performed badly as well. Good to see strong support formed but subsequently to watch it forming lower high.
Comments
Post a Comment