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09/22/2018 Weekend Update

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Cobra
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09/22/2018 Weekend Update

Post by Cobra »

Up 2 weeks in a row, 79% chances higher high ahead the next week.
2.png

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Cobra
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Re: 09/22/2018 Weekend Update

Post by Cobra »

According to the stock traders almanac, the week after the Sep option expiration is weak: http://jeffhirsch.tumblr.com/post/17832 ... -september
WeekAfterSepOE.jpg

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Al_Dente
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Joined: Thu Jul 21, 2011 2:29 pm

Re: 09/22/2018 Weekend Update

Post by Al_Dente »

BIG CHANGE. MUST READ THIS:
XLC
The Communication Services Select Sector SPDR Fund

Among the biggest changes, Facebook and Alphabet moved out of tech into the new sector. Apple's leadership expanded to a 21 percent weighting, up from 17 percent, while Microsoft places second with a 17 percent weighting from 13 percent.
"Semiconductors — they were 14% of the market cap, they're going to be about 17 percent…
The new communications sector absorbed the telecom space, ending its reputation as a defensive play.
"A lot of people like the [old] sector because of the 5.4 percent dividend yield. It was a bond proxy, but now it's going to be closer to about 1.5 percent."
https://www.cnbc.com/2018/09/21/meet-th ... -exit.html

This was anticipated, but I wasn't expecting it to be implemented until after the close on Friday, September 28, 2018

good luck downloading all the details here:
https://www.msci.com/www/research-paper ... 1107886967
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
daytradingES
Posts: 2245
Joined: Thu Sep 13, 2012 10:46 am

Re: 09/22/2018 Weekend Update

Post by daytradingES »

Thanks for the post Al.

In your opinion what is the significance of the change?
Is it related to the lost of the dividend play?
Educational only and not trading advice (EO&NTA) :)
Good trading to all
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