WBT 3.27% $2.96 weebit nano ltd

XEC is cranking but under the hood it is in select names.Loads...

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    XEC is cranking but under the hood it is in select names.
    Loads of failed breakouts this week in my watchlist and I have a very small amount of setups I am watching (less than 5).
    My feeling is that things are extended



    https://hotcopper.com.au/data/attachments/6092/6092185-933f1f7f2ad8051ec3234b43e029288e.jpg


    XLE has been on a tear and I read an interesting post suggesting this is leading to a pull back in the general markets for the reason being that energy is going to be profitable due to high energy costs (passed onto the consumer) - and that this is a tell for incoming downward pressure on discretionary spending.

    https://hotcopper.com.au/data/attachments/6092/6092204-323f3cf5327d4787ffa0fd14f081bf56.jpg

    Challenging market conditions for me. Feels like I am watching the end of a race I got shook out of recently.
 
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