BKX / BTK an unusual pair.
BKX - DOWNTREND ACCELERATION - SELL SIGNAL
BTK - UPTREND ACCELERATION - BUY SIGNAL
The BKX - KBW Bank Sector Index has a negative signal for today, which will remain in play below the 3703 Inflection Pivot, targeting 3383 on any negative follow through. If this signal is the spark to a new move south the 3030 price point is the extended target. 3703 is the ideal sell point today, however any sell signal is valid below here with risk parameters constructed using 3383 as the target objective.
The BTK - Biotechnology Sector Index produced a positive signal which will remain in force above the 652.32 Inflection Pivot, targeting 674.49 and 683.50. 683.50 is a Resistance Inflection Pivot that is expected to contain an new positive push. Expect a reaction. Only above here can the rally breach the Feb'09 highs. Breaks above 652.32 are buying opportunities, with a break under the June 16 649.31 low needed to negate the positive signal. Use 674.49 as the target to construct trade off this risk.
Two sectors going opposite directions. Two opposing strategy expectations. Technical trade balance.
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JS
