- Health Care Select Sector SPDR Fund's CCI indicator is below -100
- Health Care Select Sector SPDR Fund's upper Bollinger Band® is at $135.79 which indicates a further downward move may follow.
Trend-focused traders would be interested to note that Health Care Select Sector SPDR Fund's CCI indicator is below -100, meaning the market price is unusually low and below its rolling moving average. According to asset volatility analysis, Health Care Select Sector SPDR Fund's lower Bollinger Band® is at $131.32.
For the time being, Health Care Select Sector SPDR Fund remains flat without a clear direction.
Trend analysis indicates that ProShares UltraShort 20+ Year Treasury's CCI indicator is above +100. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $29.41, thereby suggesting that ProShares UltraShort 20+ Year Treasury is becoming overvalued.
For the time being, ProShares UltraShort 20+ Year Treasury remains flat without a clear direction.
Fundamental indicators – United States Trade Balance (Dec) came out at -67.4 billion, while a consensus of analysts was expecting -68.5 billion.
Upcoming fundamentals: tomorrow at 15:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 2.15 million from the preceding figure of 4.14 million.