I keep saying .... the market is killing my Joy!! and here is another example. It takes me an hour to put this together.... And I don't have against You, but I don't actually care enough enough to burn this time on it. But my ego is caught in it.
Consumer Staples-sure it's a safety sector, but of course this and XLU were Leadership last week
Materials Last new high was Monday.
No new high since monday
and the industrials are now Struggling, though they maded a new high, they are struggling with the SAR.
Here is Schroedinger's Cat The upside breakout, and the downside. The technicals I see, suggest a final High Yesterday or Thursday.. today. Then a little bit of struggle. They all picked up their Calls and are waiting through expiration to cash them in... It's only next week.... the price is cheap... But this is going to force Mean reversion next week. and that should set the downtrend. I think the standard thing would be to hang onto the calls until Monday, but I think it is going to Fuck with them. They will wish they were selling them end of this week.
No new high out of IYR(I actually expect it to be one of the last to make a new high though, This is a wave 4)
Barely a new high out of energy, it seemed fairly Euphoric today.
No new high out of health care.