Just because I have a degree of skepticism about broader averages and their new highs doesn’t mean I am not open to long positions. In this video I walk through the XLY Discretionary ETF (important to NASDAQ futures traders) as I also explain the setups in the XLP Staples ETF.
With all eyes on GOOGL next week, look to buy this dip on Monday.
Now that we are spitting distance from new all-time highs, what happens next week?
Sure these markets (and some of the heavier weighted sectors) are pushing at overhead resistance, but as risk appetite rules, where are the markets that will benefit regardless of another pullback high, or new highs?
