Sensitive - sectors that have moderate correlations to overall market conditions.
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Cyclical - sectors that are more sensitive overall market conditions.
VCR Consumer Discretionary
Defensive- sectors that tend to outperforming during sub par market conditions.
VDC Consumer Staples
IBB Bio Tech
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Big Picture Set Up
ANTM continues to flag nicely in this $12 range, will be ready to buy that $400 when its ready to go.
Added to IT twice this week as the inside days continue, still about 2% risk in this earning flag and will continue to buy $236 until it breakouts out or fails.
MMC has retested the prior high and often we see this retest met with resistance and selling but for now its inching past it and looking like it may want to continue to inch higher.
MXIM has continued to flag above the prior breakout level as we have been able to successfully stay in with a stop vs $98, above $103 could look to add vs that $98 stop.
OTIS closed the week right at this $80 level, would not be surprised to see this go Monday morning, if it gaps up above $80, it will probably head higher however chasing often ends the same way.
As we saw that $64 seller continue to hold SNAP down, its now time to wait for a new pivot low to form. The current pivot low is $50 while the one prior was $48. Time will tell how far SNAP will want to pull back before its next attempt at $64.
As UPS continues to flag at all time highs, I will be looking to add above $216 and $220 vs the low of this flag to add to this swing.
ZBRA is approaching this $520 Blue Sky Breakout level, it would be great if that $520 can continue to hold so we can find a tighter entry. If not and its ready to go, we know the proper out is vs $493.