Momentum Chart Set-Ups 6/28/2017

The market reached another all time high tight buoyed by the financial sector and Oil coming off the lows for another day. The FED cleared all banks in their stress test and CITI doubled it's dividend. This sounds like great news for the Financial industry and in particular for CITI group as things must be going quite well for them to be comfortable enough to double their dividend. We don't buy CITI much because its to big and wouldn't have the type of movement most momentum stocks that we are looking for would have. So what does this mean?
Click this link for my annotated chart of XLF or the Financial Industry ETF I follow.

STOCK CHART SET UPS

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SECTOR ROTATION & BUSINESS CYCLE

Sector Rotation Analysis attempts to link current strengths and weaknesses in the stock market with the general business cycle based on the relative performance of the nine S&P Sector SPDR ETFs. Once you have identified the strong and weak sectors, you can the compare the results to a theoretical business cycle chart and - hopefully ... Read more

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Momo Custom Scans 6/19/2017

Momo Custom Scans
Each of the scans shown below was created as a result of hundreds of Educational hours I spent learning Technical Analysis and Trial and error with different scans. I have adapted my scans to with Momo traders in mind. Having said that, I welcome any critiques or suggestions. We are all here to learn together and that includes me from you.

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Momo Chart Scans 6-15-2017

Great Momo charts today but first, the market action The DOW reached another new high this week, brushing aside the FED as it raised interest rates and Oil had one of their worst weeks of 2016. In past years news such as this could have dramatically effect these Momo charts for traders but because the Dow reaching ... Read more

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Market Sector Update – Energy, Biotechnology, Small caps, Metals and Mining ETFs

What the charts currently look like and an analysis of which ones are getting ready to make a momentum move and which will need more time.  Those sectors that have just moved or getting ready to move will be the ones traders at momentumtradersunite.com will be focusing on in the coming months for significant profit ... Read more

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Endocyte Stock Tanks by 30%

http://quotes.wsj.com/ECYT Market is very volatile and thus even if small players in the market take revolutionary steps, then it can shake the vibe of the industry. Endocyte which is a biopharmaceutical company established long back in 1996 is known for its technology platform for creation of drugs for cancer, inflammatory and kidney diseases. Its contribution ... Read more

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Trump ends U.S. Parris Accord

Climate and energy conservation is the hot topic in the town in energy industry. India’s initiative in this continued engagement with international community on the issue of climate change, clearly demonstrates its pro-activeness and leadership. Every country is contributing in decreasing carbon dioxide emissions and Paris pact of 2015 is just an extension to this. The Trump administration has pulled US out of the landmark Paris climate pact marking it as a bad deal for developed countries especially for America. They believe that this deal will front-load costs for US which can cause contraction in economy. The deal actually relies heavily on the commitment of big polluter nations to reduce emissions of gases to decrease the global warming. While withdrawal of US government in this deal can elevate leadership role of other countries in climate change but exiting the deal would be certain to anger allies as every country negotiated to limit the planetary warming by reducing carbon emissions. US is considered to be world’s second biggest carbon dioxide emitter behind China but Trump administration didn’t fail to mention that US economy is making a great progress with air quality since 1980. So far the decision of US exiting this Paris deal is not taken negatively by any nation. Canada, the European Union and China have specifically mentioned that they will continue to honor their commitments to the pact! But this decision of US can certainly impact Energy industry as a whole! This is because the globe will miss out on certain advancements and initiatives that US could take up in this process. While the impact of this particular news cannot be evaluated in numeric terms, but the vibe in the industry is not very positive. This deal is meant to take measures which can lead to robust growth in oil, coal and another segment of energy industry. The Governors of nations including California, Washington, Vermont and others have banded together to meet the targets of global climate accord. This pact is on climate change terms but also opens up the door for global business opportunities and technology sharing that comes with being a leader in this agreement. Thus, this agreement is very beneficial for the notion of industry. Many companies including Goldman Sachs, Bank of America, JP Morgan, Johnson & Johnson and Walt Disney expressed their strong support to stay part of this Paris pact through a full page ad in Wall street journal. This shows the strength and bend of companies towards climate improvement and serves as a common platform for corporate firms to come together and work in conjunction and agreement with each other. As of now, all those nations which are part of this deal accolade this and the market conditions are embracing growth and improvement. But Momentum will help you in tracking the progress rate to notice where this graph of progress bends. Paris deal is probably one of the influential and bigger projects of the globe and driving this without the involvement of the most powerful nation can be challenging and rewarding at the same time. We would have to wait and watch how it impacts stocks and pulse of trading market! Whether shareholders of companies having HQ in US lose their interest or take it up as another way to scale!

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