Check out my blog post for the full breakdown:
derzzycharts.com/blog-1/equities-own-what-is-working
Here we have XBI, GDX, and QQQ. The gains have been amazing already, so now we have to practice some patience. Honestly I am waiting for a pullback on some of these sectors before I buy them. Why? GDX looks the most promising, as it is the only one that doesn’t have a bearish divergence on the RSI. Remember bearish divergences are for taking profit, not for entering positions. Let’s have a look at XBI:
Equities - Own What is Working! Pt. 3
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
derzzycharts
derzzycharts.com
derzzycharts.com/blog-1/equities-own-what-is-working
Here we have XBI, GDX, and QQQ. The gains have been amazing already, so now we have to practice some patience. Honestly I am waiting for a pullback on some of these sectors before I buy them. Why? GDX looks the most promising, as it is the only one that doesn’t have a bearish divergence on the RSI. Remember bearish divergences are for taking profit, not for entering positions. Let’s have a look at XBI:
Equities - Own What is Working! Pt. 3
Happy Trading!
Brandon Anderson
brandon@derzzycharts.com
derzzycharts
derzzycharts.com
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