SPY QQQ IWM 4-21-13
The S&P 500 was down -2.09% this week while the Nasdaq 100 was down -2.65% and the Russell 2000 -3.24%. Also, volatility started to pick-up, raising concerns for this run. Let’s see what held up well and what sold off for a better indication of the overall health of the markets.
Looks like utilities and consumer staples performed well this week while energy and technology sold off, an indication of rotation into safer sectors. Overall, these are not healthy signs as defensive sectors are leading and volatility is rising.
Are any stocks holding up well? A strong stock in bad times will be even stronger in good times.
EL DIS TSLA CELG N 4-21-13
Estee Lauder (EL), Walt Disney (DIS), Tesla (TSLA), Celgene (CELG), and NetSuite (N) have broken-out higher in the last week or are setting up to do so. These are the types of stocks I’d like to get long in opportune times.
Celgene (CELG) and NetSuite (N) have earnings announcements this week so I probably will not be playing those until after.
Good luck!
Options Trading
Defensive Sectors Leading The Market & Watchlist
SPY QQQ IWM 4-21-13
The S&P 500 was down -2.09% this week while the Nasdaq 100 was down -2.65% and the Russell 2000 -3.24%. Also, volatility started to pick-up, raising concerns for this run. Let’s see what held up well and what sold off for a better indication of the overall health of the markets.
Looks like utilities and consumer staples performed well this week while energy and technology sold off, an indication of rotation into safer sectors. Overall, these are not healthy signs as defensive sectors are leading and volatility is rising.
Are any stocks holding up well? A strong stock in bad times will be even stronger in good times.
EL DIS TSLA CELG N 4-21-13
Estee Lauder (EL), Walt Disney (DIS), Tesla (TSLA), Celgene (CELG), and NetSuite (N) have broken-out higher in the last week or are setting up to do so. These are the types of stocks I’d like to get long in opportune times.
Celgene (CELG) and NetSuite (N) have earnings announcements this week so I probably will not be playing those until after.
Good luck!
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