Select Sector SPDR Sector Tracker is an excellent tool for screening US stock sectors, individual stocks in the S&P 500 for performance and relative strength. I use it to look for winners and losers where my philosophy is to buy winners and sell losers.
Despite 1-month relief rally since February, fortune for STI, DBS and Sembmar did not improve as all three remain in down trend mode, negative for year.
Full speech of Yellen to the Economic Club of New York yesterday dropped hints again that the US Federal Reserve will not raise rate in June 2016. This sent USD dropping. USD has been going up since hints of Interest Rate hike If you take a
3 levels on the Dollar Index DXY that indicates where the USD is headed and whether there is going to be a rate hike in 2016.
It’s a long time since I posted in TerraSeeds blog. Now I will make it a point to post here too :) I first talked about FTSE index or FT100 in my twitter post here: #FT100 my interest in FTSE came from this level.
Overlay shows AUDUSD, CSI 300, China A50 high positive correlation. Divergence signals turning point; weak China indices points to AUDUSD weakness also.
A handy way to investigate US stock market, by looking at sector-based ETF performance then zoom in on their top holdings for further individual stock investigation.