Did you miss us, wolves?🔥 There is a great formation only for you! AscendingTriangle on XRT. However do not rush the trade and wait for the clear signal. According to Elliott Waves theory all the waves are done and now the price is heading to the breakout. Follow the chart and look for the breakout...
XRT is my JETS replacement. This month I was also trying to enter JETS but I couldn't get in at a good price. XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially...
I am diversifying beyond selling puts on JETS as it seems to have had a significant bullish run. XRT is an ETF reflecting the US retail industry, specifically the Consumer Discretionary segment. I selected them because with the pandemic optimism and the decreasing unemployment, I expect the customers to be less tight on their retail habits especially on everyday...
In a Stage 2, above inclining 10 & 30 week moving averages Still out performing spx Keep an eye on any close below 10 week moving average for slow down.
Last month was red for retail after all time highs, how is it looking for the next several months? Find out from a software developer/data scientist.
GME became around 20% of the weighting of this ETF from around 1.5% If you haven't been investing on the Reddit Frenzy, and you wish you had; now is your second chance. 21ema is the support level to watch currently, as it has held in the past; and is giving great risk-reward as we are just above it. Volatility can be extreme, so set clear defined limits to...
XRT about to go down. Cheapest way to take a short position on the GME mania. Opinion only. XRT
XRT (retail ETF) is going parabolic due to IRBT, GME, SFIX, etc. Formed a pennant, target prices shown. No position, duck hunting tomorrow.
XRT is a solid retail etf with holdings from Amazon to Zumiez. I added shares today after the news about an additional $1.9 trillion covid relief package is planned for 2021. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps...
MA20 Bollinger Band Overbought Sell Iron Condor -- limit 3.35 SellToOpen Mar Call Spread C70/75 SellToOpen Mar Put Spread C60/65 $5 range, max profit 3.35, max risk 1.65, Reward:risk=2:1 I am not a PRO trader. I trade option to test my trading plan with small cost. The max Risk of each plan is less than 1% of my account. If you like this idea, please use...
I could be wrong but boy that looks like an exhaustion gap. Probably waiting until EOD to decide. MFI divergence, but it's an ETF so I wouldn't rely heavily on it.
Copyright Rohan Karunaratne 2020
Happy Thanksgiving to all of you, hope you enjoy the long weekend! Ran out of room on the title, but this video does include Online Shopping, and Consumer Discretionary opportunities I am looking at in the coming weeks. Let me know what you guys think, all charts will be posted on my page later in the afternoon. Copyright Rohan Karunaratne 2020 Charts...
Multiple retail names posting blowout numbers. Budget retail like FIVE, NKE, HBI, and URBN could also still see upside momentum. Notice the rejection off the 2018 highs. Selling bullish verticals in case it's a slow grind
Trying to break out here, along with XLB, XLI, and XLY. Not to mention XLF has been ripping as of late. Vix falling as well as credit spreads. All healthy signs to me.
Retail seems to be on the move. Watching names like ETSY/FL/CVNA/W/BBBY/YETI