Yielding Returns Across a Range of Sectors
by Mike Paulenoff
June 17, 2017 • 12:00 AM EDT
Four trades closed out in recent weeks, yielding a total return of 12%, demonstrate the way in which Mike opportunistically identifies trending sectors through a combination of technical and macro analysis, nabbing returns from their leading component stocks and ETFs.
In banking, he added the SPDR S&P Regional Banking ETF (KRE) on June 5 at $52.73, noting: "Increasingly, my work argues that KRE completed a major correction from its March 2 high at $59.68 to its May 31 low at $51.08, which ... means that the price structure is coiled-up ahead of a thrust to the upside into a new advance within the larger upleg off of the $32.63 low in February 2016 into new high territory."
He added that "such a move also will imply that the regional banks are benefiting from the Trump growth agenda, higher rates, and from a roll-back in Dodd-Frank regulation."
Mike exited KRE this past week at $54.97 for a 4% gain.
In biotech, Mike entered the SPDR S&P Biotech ETF (XBI) on June 1 at $69.50, reasoning that "the time has come to take a long position within 'The Handle' portion of the huge Cup and Handle base formation carved out by XBI during the past 18-20 months."
He exited four days later at $70.88, yielding a 2% profit.
See the chart Mike was viewing when he entered the trade:
Mike also closed out his Under Armour, Inc. (UAA) trade this week for an 8% return in two months, and recently completed a trade in American International Group, Inc. (AIG), gaining 2.3% in less than a week.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international
markets, plus key ETF component stocks in sectors like technology, mining, and banking.
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Thirty minutes after the opening bell on November 24, 2025, I posted the following heads-up to MPTrader members about the technical setup in META:META has the right technical look of a significant U-Turn to the upside after completing a 27% August-November correction from 796.25 (8/15/25) to 580.32 (11/21/25)... To gain more powerful upside traction, META needs to climb and sustain above nearest-term resistance at 614.70 to 616.50, which if (when) taken out, will open a higher price pathway to the 670 area to challenge the down-sloping 200 DMA... Last is 609.27...
Last Friday morning, to calm frazzled nerves amid a 1% pre-market plunge that was threatening to complete a 100% give back of the prior week's 3.
Late on Friday, fellow MPTrader member MarkinQueens exclaimed: Mike's XOM (Exxon Mobil) chart from August is working! Last $117.26!Back on August 25th, this is what we discussed about Crude Oil and XOM:Just in case anyone is wondering what the chart of nearby Crude Oil is looking like as we approach the "official" end of summer.
On August 12, 2025, this was my response to an inquiry from an MPTrader member about intense weakness impacting SMR (NuScale Power Corp):SMR (NuScale Power)-- Fellow member Irv66 asked for an update on this modular nuclear reactor manufacturer that blasted-off from 11.08 in early April to 53.50 at the end of July (+382%), but has since been in the grasp of a major correction from 53.50 to 38.33 (-28.6%). My pattern work argues that SMR is nearing key support from 37.50 down to 33.
ARKK (ARK Innovation Fund, ETF)-- Back on August 20, 2025, this is what we discussed about ARKK:Fellow member Pawel has requested an update on Cathie Wood's fund, which in June thrust up and out of a 3-1/2 year base-accumulation period and pattern above 68.40/50 that subsequently climbed to my initial target in the vicinity of 80 (see my attached Daily Chart). Since the 7/21/25 high at 79.