10/21/2026 Wed
A few days back I suggested that many stocks had sold off to the buy point, Here is an update
XLF financials looks good but will it outlasts a return to higher interest rates
XLB materials looks good
XPH Pharmaceuticals looks the best of the bunch as it is just now generating buy signal
XLRE real estate, again will it outlast an increase in interest rates
HAL Halliburton Energy service looks good but new says oil shipments are at pre war levels thru Hormuz, but industry observers doubt that, I do too, still a solid company with oil at $100
DOW -a PAR SAR buy signal and above all three moving averages, RSI and PMO turning positive
the above chart speaks for itself, the market is buying the DOW
Social Mood - politics
i live in a Republican voting neighborhood but Talarico DEM signs are sprouting and I have only seen one Paxton REP sign in the entire neighborhood
Dems promise to impeach Hegseth, this looks like a repeat of 1973with Hegseth as Nixon, back then the media was all negative on Nixon as they have been on Trump but Hedseth is next
Trump cut loose his new press secretary after five days and his Greek ambassador after what, a year, so will he hold on to Hegseth in the face of investigations or dig in, we shall see
This is not a political blog but massive negative investigations will not bode well for the market, it did not in 1973.
TLT long dated bonds has run into resistance but also gapped up a few days ago, a hold for now
More tomorrow
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