Crazy Flux
  • Business
  • World
  • Stocks
  • Investing
  • Business
  • World
  • Stocks
  • Investing

Crazy Flux

Stocks

Cybersecurity Makes Yet Another Statement

by admin February 3, 2025
February 3, 2025
Cybersecurity Makes Yet Another Statement

The Cybersecurity ETF (CIBR) has been leading the market for a solid four months and recorded yet another new high this week. Chartists looking to take advantage of this leadership can use two timeframes: one to establish the absolute and relative trends, and another to identify tradable pullbacks along the way. Note that CIBR has been on our radar for four months and was featured in October.  

The first chart shows weekly candlesticks over the last three years. CIBR surged from November-2023 to January 2024 and then formed a long consolidation pattern from February to September. CIBR broke consolidation resistance at 58 in September (price breakout) and closed above 68 this week. This breakout opened to door to the current run.  

The indicator window shows the CIBR/RSP ratio to measure relative performance. This ratio rises when CIBR outperforms the broader market (S&P 500 EW ETF (RSP)) and falls when CIBR underperforms. This ratio broke out in early October to signal relative strength in CIBR (relative breakout). The price breakout and relative breakout proved a power combination. Keep this in mind.

With CIBR in an uptrend and leading in October, chartists can turn to daily charts to identify tradable patterns along the way. For patterns, we can use flags and pennants, which are short-term bullish continuation patterns. Most recently, CIBR broke out of a pennant in mid January and this foreshadowed the run to new highs. We highlighted this pattern in our Chart Trader report as it took shape in mid January.

Chartists can also use indicators to identify tradable pullbacks within a strong uptrend. The bottom window shows Percent-B, which dips below 0 when the close is below the lower Bollinger Band (20,2). This is a “true” oversold condition because price is more than two standard deviations below the 20-day SMA. Percent-B, however, did not dip below zero and become truly oversold. Instead, it became moderately oversold with dips below .20 on December 31st and January 13th. We have to take what the market gives us. This moderately oversold condition coincided with the flag and pennant patterns.  

This week at TrendInvestorPro we analyzed three AI ETFs that cover three distinct areas (AI infrastructure, physical AI, AI software and apps). Our reports and video also highlighted leadership in ETFs related to Cloud Computing and Software, as well as the recent breakout in the Biotech ETF. Click here to learn more and gain immediate access. 

///////////////////////////////////////////////////

previous post
Bidder’s Statement
next post
The Best Five Sectors, #5

Related Posts

This Report Might Self Destruct in 5 Days

April 12, 2025

Joe Rabil’s Undercut & Rally Pattern: From DROP...

June 19, 2025

Five Stocks Showing Strength in a Bearish Tape

March 14, 2025

Unlock the Power of StockCharts’ NEW Market Summary...

May 13, 2025

The Ultimate Guide to Building a Sector-Diversified Stock...

March 21, 2025

What’s Next for Dollar Tree, CrowdStrike, and Broadcom?...

June 3, 2025

Nuclear Power Trio: OKLO, SMR, and CCJ in...

May 30, 2025

Is the S&P 500 Flashing a Bearish Divergence?

June 12, 2025

S&P 500 Final 2024 Q4 Earnings: Still Overvalued

April 12, 2025

Stock Market Momentum Slows Down: What This Means...

March 26, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Elephant kills two female tourists from the UK and New Zealand in Zambian national park

      July 5, 2025
    • What is happening in South Korea? Seoul has caught the lovebug that nobody wants

      July 5, 2025
    • China tells EU it can’t accept Russia losing its war against Ukraine, official says

      July 5, 2025
    • Trump expects Hamas response to ceasefire in hours as new details emerge on proposal

      July 5, 2025
    • Hamas submits ‘positive response’ to ceasefire proposal in major step toward a deal

      July 5, 2025
    • ‘We want an answer’: They fear their relatives are among the hundreds of bodies piled up at a crematorium in Mexico

      July 5, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: crazyflux.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 crazyflux.com | All Rights Reserved