(2019-08-24, 02:42 PM)briansmith456 Wrote: MCR.V looks like it is about to break out unless I am missing something.
Potentially, but it is in the weakest sector - energy, and the market breadth is weakening too. So, I always go back to page 75 in the book, which highlights the Forest to the Trees approach. Re-read that, and you'll know what the method recommends.
Beautiful chart set up. It is in the energy sector but they maintain pipelines which explains why falling oil price makes no difference.
(This post was last modified: 2019-08-30, 07:23 PM by briansmith456.)
RE: US Stocks and ETFs - Watchlist and Discussion
(2019-08-30, 07:20 PM)briansmith456 Wrote:
(2019-08-25, 10:46 AM)isatrader Wrote:
(2019-08-24, 02:42 PM)briansmith456 Wrote: MCR.V looks like it is about to break out unless I am missing something.
Potentially, but it is in the weakest sector - energy, and the market breadth is weakening too. So, I always go back to page 75 in the book, which highlights the Forest to the Trees approach. Re-read that, and you'll know what the method recommends.
Beautiful chart set up. It is in the energy sector but they maintain pipelines which explains why falling oil price makes no difference.