Discussing all the sectors of the S&P500 sectors. Looking for capital rotation trades. DJT XLB XLC XLE XLF XLI XLK XLP XLRE XLU XLV XLY
Tesla missed on earnings. Huge decline for this leading EV stock. Tesla was already getting oversold on the daily chart, & now with this decline its a salavating opportunity for day traders. I still think the true swing trade level is a bit lower from here. This weekly close will tell us more. We have included an analysis of the XLY sector (Consumer...
Macro Monday 28 – Discretionary Vs Staples Today we are going to look at the following two very interesting SPDR Indexes and their relationship to one another to help us understand where the U.S. consumer is at present. SPDR Select Sector Funds (“SPDE SSF”) 1. Consumer Discretionary SPDR Fund AMEX:XLY 2. Consumer Staples SPDR Fund AMEX:XLP For reference...
💡 Pattern: Bull Flag 💡 RSI: 39 Negative 💡 Risk: High ✅ Resistance: 277 ✅ Support: 214 PERFORMANCE 🔴 ST: NEGATIVE 🟡 MT: HOLD 🔴 LT: NEGATIVE *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️ _______________________
I took a decent profit form this trade Now, this bearish divergence is signaling that it may need more time to form a new base to continue its uptrend I will be watching this one as is still outperforming.
In the last 6 months AMEX:XLC is the leading sector in the $SPX. And with the recent sell of in the energy sector AMEX:XLE , communications is the only sector without lower lows. There are various stocks that confirm this strength in AMEX:XLC , some are NASDAQ:MATH , NASDAQ:ATVI , NASDAQ:META , NASDAQ:CHTR and many others. Let's wait and see.
The last time the 7 daily MA & 20 Daily MA crossed over the XLY SECTOR went on a massive +20% run. Will this happen again? The sector does have bullish momentum to the upside.
XLY has seen a daily chart breakout today with the strength in Tesla & Amazon. Let the melt up begin!
🔹 Breakout a short-term resistance level, signaling a positive trend for the short-term trading range. 🔹In case of a NEGATIVE reaction, it has support at approximately 385. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT - Double Top | BEARISH | 🔴 ◦ DB - Double Bottom | BULLISH | 🟢 ◦ HNS - Head & Shoulder | BEARISH | 🔴 ◦ REC - Rectangle | 🔵 ◦...
Tesla is appearing to put in a weekly engulfing candle. This will be a bearish candle formation if it happens. If Tesla loses the 100 Weekly MA, bad things could happen.
Discussing a potential capital rotation trade. We analyze Tesla, Amazon, Pfizer, Moderna, Hershey, and others to get a sense of what is going on.
XLY is one of the best consumer discretionary ETF (holdings include – Amazon, Tesla, Nike, etc.) you can buy. The ETF is showing a significant accumulation and will move higher. The price target is $320 by 2025.
Sector: Consumer Discretionary Select Sector SPDR Fund Ticker: XLY Exchange: NYSE Arca Industry: Exchange-Traded Fund Introduction: Welcome to our weekly technical analysis. Today, we're looking at the Consumer Discretionary Select Sector SPDR Fund (XLY), listed on the NYSE Arca exchange. The weekly chart is currently exhibiting an inverted Head and Shoulders...
* Failed 2u on quarterly; still time to go outside quarter * Failed 2u on monthly; out of time to go outside, but negative momentum * Clear rejection of bearish trendline on weekly chart. No real support until it falls to 127 (currently 143.66) * Daily chart shows bulls mounted one more challenge to the trendline but that failed even harder. “If markets try to...
Sell XLY NOV 18 '22 131 Put Limit 0.45 GTC XLY daily retest of the trendlinebreak if we hold it we go higher.
AVB has a death cross that is approaching. This pattern still favor's a near term bounce but will likely resume its longer term downtrend once buy the dippers are exhausted. This is a trend that is not your friend.
Vici properties is showing weakening in its trend. This has been directly tied to the weakness in XLRE - real estate We believe VICI properties has much more downside. This specific Real estate play also has much property exposure to the casino type names. With many of the Casino charts like MGM, LVS looking "topheavy" this may be a correlated play that already...
Discussing all the major weekly trends for each sector.