THE DARWIN MARKET ANALYSIS IS TRENDING | UP
The Darwin Investing Network Analysis shows that the S&P 500 has positive volume flow. This means that volume is showing markets are holding as more investors are buying on the asking price. This means that traders and investors alike should favor bullish markets, with bullish sectors, and bullish positions.
THE DARWIN STOCK PICK FOR TODAY IS SMH
Volume flow analysis has shown that in the current market enviroment Utility is the strongest US sector. Traders should favor bullish positions with XLU and look for buying setups and opportunities, however keep the shorter term in duration as this market turns.
The XLU is a representative of the performance of the Utilities Select Sector Index. The index includes companies from the following industries: electric utilities; multi-utilities; independent power producers & energy traders; and gas utilities.
Paul "Bulldog" Hudson, Chief Investment Officer
Darwin Investing Network