Sector Spotlight: Sector Charts Showing Nasty Reversal Bars
In this edition of StockCharts TV's Sector Spotlight, after a volatile week in the markets and the completion of the monthly charts for January on Monday (1/31), now is a perfect moment to take a good look at the developments on these long-term charts. In the Asset Class segment, I look at the SPY, GOVT, IEF, DJP, GSG and $USD, noting some important downward breaks in the bond markets and upward breaks in commodities. For sectors, all charts are on the agenda and are showing some nasty reversal bars. All in all, these monthly charts are not looking as strong anymore as they used to.
This video was originally broadcast on February 1, 2022. Click anywhere on the Sector Spotlight logo above to view on our dedicated Sector Spotlight page, orclick this linkto watch on YouTube. You can also check out the video onthe StockCharts TV on-demand website StockChartsTV.com, or on the associated app on mobile platforms like iOS and Android, or TV platforms like Roku, Apple TV, Amazon Fire TV and Chromecast.
Sector Spotlight airs weekly on Tuesdays at 10:30-11:00am ET. Past episodes can be found here.
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