US: Sectors and Stocks in focus.

This is an update to an earlier post about Sectors and Stocks that have my interest at the moment. There seems to be a rotation back into some sectors that have been out of favour over recent years. I look for stocks within these sectors that develop basing-style consolidation patterns and I then stalk them as they move to potential breakout. I sell Puts in the lead up to any breakout and, if assigned, I then sell OTM Calls or sometimes I then just hold the stock. Here are the stocks that I’m stalking and / or trading at the moment. I have organised the charts into their various market sectors. This is by no means an exhaustive list; I’ll be keeping an eye out for other candidates within these sectors.

Energy

XLE weekly: Energy ETF: the bullish breakout continues:

EMES weekly: this breakout has triggered:

CHK monthly: watch for any new trend line breakout:

CLF: watch for any new trend line breakout:

CLF weekly:

CLF daily:

DVN weekly: watch for any new trend line breakout:

SWN weekly:

VALE weekly: watch for any new trend line breakout:

NBL weekly: bullish after an earlier breakout:

Oil and Gas Exploration:

Oil monthly: a bullish move in progress here:

XOP weekly: Oil & Gas Exploration ETF: on a bullish breakout:

DO weekly: this has now made a bullish close above $20 after the earlier bullish descending wedge breakout:

XOM weekly: watch for any new breakout:

RIG weekly: watch for any new trend line breakout:

USO weekly: US Oil ETF looks bullish:

PBR monthly: holding above $10:

Steel and Iron:

SLX weekly: Steel ETF: looking bullish with this $50 trend line breakout:

AKS monthly: watch for any new trend line breakout:

X weekly: US Steel has made a new trend line breakout but watch for any new make or break at $40:

Financials:

XLF weekly: Financial ETF remains bullish although trend line and ‘Double Top’ style resistance could be ahead:

DB weekly: stalking this:

SAN monthly:

BAC monthly: remains on a bullish run since the triangle breakout and I am looking for a test of $35 near the 61.8% fib:

Metals and Mining:

XME weekly: Metal and Mining ETF remains on a bullish breakout:

FCX weekly: has made a bullish trend line breakout but watch the $20 for any new make or break:

AUY weekly: watch the $4 level:

ABX weekly: watch for any new trend line breakout:

Tech:

NASDAQ monthly: I’m still watching this bullish breakout unfold:

TWTR weekly: watching this bullish descending wedge breakout unfold:

AMD weekly: watch for any new trend line breakout:

Retail:

XRT weekly: Retail ETF has just broken out:

M weekly: watching this bullish decreasing wedge breakout evolve:

ANF weekly: ditto:

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