Week 13 Mid-Week Trending

There are 2 days of trading left in the month and the quarter. Let us see where we stand with the markets trending.

Major Markets

I have added back some more markets to ensure I have a full picture of all markets. Clearly, this week has been a turnaround week. We can see a lot less amber and a lot more green in the heat map above. Most importantly, the S&P 500 and the NASDAQ have turned perfectly bullish. The Russell 2000 and the Dow Jones are lagging behind.

SPX Sectors

We can see that the Technology XLK and Commnications XLC sectors are pulling the market up. Those are the only 2 that are perfectly bullish. The Consumer Staples XLP is close with the Real Estate XLRE and Financials XLF the biggest laggards.

Notably Energy XLE, Healthcare XLV and Utilities XLU starting to pick up a bit.

I am currently positioned mostly on the short side, so hurting a bit this week. I will be looking to get out of those shorts with any pullback in the markets.