While Energy doesn't look as bad very near term as Financials, it does have a significant negative divergence on a long term chart.
As far as I can see, there's no rotation setting up in either financials or Energy, in fact they look pretty bad if anything which has me thinking about taking some off the table in TECL soon and thinking about as well as watching AAPL very closely.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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