Geopolitical Noise

So, today didn't go as expected. There was a strike on Iran in the middle of the night, which then flipped the script and shifted the momentum around the sectors. Although the technology sector did hold off throughout the day. Let's look at today's performance.

As shown above, we see that Energy was heavily traded with a 50/50 sellers vs buyers ratio. The above also shows us that only Energy and Technology had a positive return day from Friday. As a result, my trades did not go as expected, and I definitely rushed an entry on MFST.

Today is a quick post, so let's jump right in to tomorrow. From the same table above, we see that the trading volume for XLB is greater for buyers than it is for sellers, even though the sector ended up negatively from the previous closing, it is still very telling. The big players arrived, so let's dive in.

I'll monitor technology tomorrow and XLB. From XLB, I may considered looking at $LIN tomorrow, the uptrend has begun to form, which means that tomorrow and the following days, the uptrend may keep up.

Tomorrow should be an interesting trading day. Let's wait and see!