Tag: trading

Garmin, the maker of full-featured GPS navigation systems that take the doubt out of driving as you make your commute or vacation.  However, with the introduction of smart phones and navigation apps, I was sure Garmin was going out of business.  But just like Madonna, who has been in the business for almost 30 years mastered the art of reinventing herself.  And that’s exactly what Garmin did.

Global wearable fitness trackers market is on track to generate revenue of $48.2 billion by 2023, led by adoption of fitness tracking apps and rise in demand for wireless health monitoring devices, according to

That’s at least what Jack Ablin, chief investor officer of Cresset Wealth Advisors with $3.5 billion in assets under management said.

“In general, the stock market likes it when financials do well. And right now, over the last six months, financials have underperformed. That would suggest that equities could struggle over the next six months,” he said. “The fact is that the financial markets and liquidity in general is really the lifeblood of the equity market.”

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I have to kindly disagree with Jack. The chart below show the SPDR Financial ETF, XLF vs the SPY. The chart shows XLF went sideways relative to

The Communication Services Select Sector SPDR ETF, XLC seeks to provide precise exposure to companies from the media, retailing, and software & services industries in the U.S.  Launched in June of 2018, XLC was created in response to this year’s changes in the Global Industry Classification Standard, the sector benchmarking system used by many indexers to classify thousands of stocks worldwide.

The top holdings include:

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Todd Gordon, founder of TradingAnalysis.com, says resistance in the broader market could exacerbate weakness in the sector.

“We have a series of three tops right around $280 in the SPY, 2,800 in the S&P 500. I think that