Technology Sector vs The S&P 500
As I scoured the S&P 500 sectors over the weekend in search of the'easiest' hedge/short I came accross the technology sector (as measured by the SPDR Technology Sector ETF XLK) and noticed the following: 1. While the XLK is currently still 10% off the 2007 highs, it did put in a more than solid performance […]
Update on Ford and Cisco
As bucket 3 longs, I am giving CSCO and F stops that are somewhat longer than for bucket 2 swing trades. After breaking out of resistance levels earlier this week, both stocks have given back some the past two days. So far the action looks like healthy consolidation. In both stocks, should they meaningfully fall […]