Key ideas - Pharma Sector neg ($XPH, $AZN and $INSM) and Energy Positive ($XLE, $HAL and $FANG)
📉 US Equities: Weekly Trend Still Negative — But Opportunities Remain
The dominant weekly negative trend continues to steer US equities, but beneath the surface, select sectors and stocks are presenting fresh opportunities.
🔍 Key Indicator Highlights:
Pharma (XPH ETF)
The most rapid deterioration is in Pharma, with 18 pending negative signals.67% of XPH’s weighting now shows declining scores.
Notable names under pressure: Insmed (INSM) and Halliburton (HAL).
Energy (XLE ETF)
Energy remains the standout bright spot, leading the positive shift.29 new pending positive reversals, following 29 confirmed last week.
Strong signals in: Halliburton (HAL) and Diamondback Energy (FANG).
➡️ Despite the broader weakness, momentum is shifting in select pockets — Energy is evolving higher while Pharma is breaking down.