The $S&P 500 index(.SPX.US)$ subsided over worries that traders possibly going to be disappointed by the extension of any 「phase one」 trade deal between the U.S. and China. But even on a light trading volume on Monday, bears still found it’s hard to gather enough momentum to make technical harm on the market.
Asian markets shut the day only in red by observing trade deal tensions strained between the U.S. and China. European markets are likewise bearish at the day as they watch trade deal developments and UK recession.
On Veterans Day, we have more than 140 companies detailing their profits but no Economic events delivered. On the sectors side, technology (aapl) and industrials (ba) lead the way to sustain the market gains.(S&P 500: 3087.01 -6.07 DOW: 27691.49 +10.25 NASDAQ: 200.96 -0.27)
Major sectors of S&P 500 performance on YTD basis comparison
On a YTD time horizon basis, what we can observe is all sectors firmly bunched together. This is significantly signaling the market is solidly moving uptrend substantially. The top player is $Spdr Select Sector Fund - Technology(XLK.US)$ (today hit another high), followed by $SPDR S&P Homebuilders(XHB.US)$. Hedging/dividends related $Spdr Select Sector Fund - Utilities(XLU.US)$ had been performing well in the earlier stage of this racing as investors' concern over trade tension and global economic stagnation, but all a sudden in the most recent activities, it turns out to be awful. $Spdr Select Sector Fund - Energy Select Sector(XLE.US)$ continually failed to meet expectations.
What else is underperformed, we got $Spdr Series Trust Spdr S&P Retail Etf(XRT.US)$ which does not surprise me, and $Healthcare Select Sector SPDR(XLV.US)$. Besides, financials are ramped up last month by the banks' report.
The current trading opportunity seems not that straightforward will be long an asset and pray it to keep going up or short a sector in vice versa. It's to find the best asset price trends that could apply to both scenarios described below:
As we noticed among those sectors, $SPDR S&P Homebuilders(XHB.US)$ climbed to be the second player of the year. XHB is highly correlated with the bonds market and interest rate trends. According to $20+ Year Trsy Bond Ishares(TLT.US)$ recent activities, if bonds continue to sell off, it will take interest rates to go higher and that rising interest rate environment would harm the XHB as we expect it to go down. Or if the bonds stop selling off and turning around in rally that is likely to cause the equity markets to sell off, and it will also decimate the home builders of the U.S.
In the end, I want to thank all of the past, present and future veterans for your services on this day. For traders, remember to be cautious about taking gains, stop losses and trade wisely.
Author / Eli
标准普尔500指数(.SPX.US)美元回落，因担心交易商可能因中美之间任何“第一阶段”贸易协议的延长而感到失望.但即使周一的交易量很小，空头仍然发现很难积聚足够的动力来对市场造成技术伤害。
由于观察到中美之间贸易协议紧张，亚洲市场收盘时只出现了红色。欧洲市场也同样看空当天，因为他们看到贸易协议的进展和英国的衰退。
在退伍军人节，我们有140多家公司详细介绍他们的利润，但没有经济活动交付。在板块方面，科技股和工业股领涨，维持市场涨幅.(S&P500：3087.01-6.07Dow：27691.49+10.25NASDAQ：200.96-0.27.)
标准普尔500指数主要板块年初至今表现比较
在年初至今的时间范围内，我们可以观察到的是所有行业牢牢地聚在一起。这是一个明显的信号，表明市场正在稳步上行，大体上呈上升趋势。排名第一的是$SPDR Select Sector Fund-Technology(XLK.US)$(今天再创新高)，其次是$SPDR S&P Homebuilders(XHB.US)$。与对冲/股息相关的$SPDR Select Sector Fund-Utilities(XLU.US)$在这场比赛的早期表现良好，因为投资者对贸易紧张和全球经济停滞的关注，但突然之间在最近的活动中，它被证明是可怕的。$SPDR Select Sector Fund-Energy Select Sector(XLE.US)$不断未能达到预期。
还有什么是表现不佳的，我们得到了$SPDR系列信托SPDR S&P零售ETF(XRT.US)$，这并不令我惊讶，还有$Healthcare Select Sector SPDR(XLV.US)$。此外，上个月银行的报告推动了金融类股的上涨。
目前的交易机会似乎并不是简单的做多资产，并祈祷它继续上涨或做空一个板块，反之亦然。这是为了找到适用于以下两种情况的最佳资产价格趋势：
正如我们注意到的，在这些行业中，$SPDR S&P Homebuilders(XHB.US)$攀升为今年的第二名。XHB与债券市场和利率走势高度相关。根据$20+Year Trsy Bond iShares(TLT.US)$最近的活动，如果债券继续抛售，利率将会上升，而利率上升的环境将损害XHB，因为我们预计它会下跌。或者，如果债券停止抛售并回升，这可能会导致股市抛售，这也将导致美国的房屋建筑商大举倒闭。
最后，我想感谢所有过去的，现在的和未来的退伍军人在这一天为你们的服务。对于交易者来说，记住要谨慎地获利，止损和明智的交易。
作者/Eli
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