The simplest way to trade profitably in any market of the world today is by following the money rotation. This mean new demands, or buying interests that move asset prices.

At the global level, post-U.S. elections, there has been wave of money flowing into and out of specific markets, asset classes, sectors, stocks and others. These created a massive move in stock markets, sector ETFs, Bitcoin, bonds and stocks that are making huge gains for smart and swing traders.

On the NGX, banking and insurance sectors closed the week at almost another new all-time high. One can argue that Financials are the most important sector on the NGX. Indeed, the financial sector is a major component in almost every single one of the International Stock Indexes. We don’t have bull markets without the Financial sector. And so, here is that group heading to breakout resistance levels once again, and hitting new all-time highs.

The pain continues for investors in industrial goods stocks, as selloffs therein impacted negatively on the whole market. What was once a leader in this bull market has become one of the market’s biggest disappointments.

NGXASI Weekly Chart

NGX Banking Index Weekly Chart

NGX Insurance Index Weekly Chart

NGX Industrial Goods Index Weekly Chart

NGX Oil/Gas Index Weekly Chart

NGX Consumer Goods Index Weekly Chart

Oando Weekly Chart

Consolidated Hallmark Plc Weekly Chart

UBA Weekly Chart

Zenith Bank Weekly Chart

Wapco Weekly Chart

AXA Mansard Weekly Chart

NEM Weekly Chart

Flour Mills Weekly Chart

Dangote Sugar Weekly Chart