The Traderszone Network

Published in TZ Latest News 4 December, 2016 by The TZ Newswire Staff

Weekly MACD Turns Negative On This Group For First Time In Five Years

I pulled up one month returns for all industry groups and there were several groups that have performed quite poorly over this period, despite the overall market strength.  Toys ($DJUSTY) are down 6.78% over the last month, but a negative divergence on its weekly chart is likely the culprit.  Internet stocks ($DJUSNS) have fallen 4.59%, but the pullback to 1100 was somewhat warranted after a huge run up.  Gold mining ($DJUSPM) fell 14.02%, but in my opinion has been a lagging group for quite awhile and given the dollar’s strength, we’ll likely see more selling in this area.

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