Wang’s Happy Trading

XLF (financials)

We talked about XLF last weekend and are still watching it closely. We were looking at the resistance at $31.5. XLF tested that resistance this past week, but, didn’t close above it. However, the 10-day MA has moved above the 20-day MA and both have turned up. So, again, we’ll see if XLF can rise above $31.5 and catch its daily upper BB. MA, on the other hand, made a new all-time high this past week, at $211.75, with room to go higher!

XME (metals and mining)

While the market has been recovering, XME has been moving up and made a new all-time high ($70.49)!! Its top holdings, of course, have also been doing well. CLF has been very strong. ATI, RTI, and WOR are looking very interesting.

PBW (clean energy)

PBW, also mentioned last week, has continued to rise and has caught up with its daily upper BB. Among its top holdings, FSLR jumped more than +7.82% on Friday and SPWR added more than +6.51%, while YGE flew up +8.65%!

FXI (Chinese ADRs)

FXI has risen above its daily MAs. It caught up with its daily upper BB during the week, but, didn’t show much strength on Friday. However, its daily chart does look stronger (comparing last week’s chart). Its 10-day MA has turned up and has risen above the 20-day MA, which is also beginning to turn. HSI (Hang Seng Index, Hong Kong) is having a strong open for the new week and FXI could also continue to do well. It is interesting to note that CHL, LFC, and PTR account for about 30% of FXI’s holdings!!

Hope you’ve had a happy weekend!
HappyTrading! ™