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The Communication Services Select Sector SPDR Fund
Long
Updated

XLC Strong Sector / Ready for Flat Base Breakout?

44
The Communications Sector has been doing well in this choppy market. This Weekly Chart shows XLC forming a flat base. And compared to other sectors it is showing good Relative Strength.
I have set an alert on the resistance line. If the market starts firming up and this triggers, I will use a lower timeframe to determine a good entry and stop loss.

Ideas, not investing / trading advice. Comments welcome. Thanks for looking.
Note
Here are the top holdings if looking for individual stocks, listed by weighting:
META, GOOGL, GOOG, CMCSA, ATVI (just bought by MSFT), CHTR, TMUS, NFLX, VZ and T
jaxdog
Also on:
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTechnical IndicatorsQQQSPDR S&P 500 ETF (SPY) Trend Analysis
jaxdog
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.