higher timeframe shows shift in sentiment with strong momentum to the downside, potential location to join to new downtrend, as true for all my trend ideas: make sure to not take all off at your target and ride the trend if the idea was successfull.
If the last highs to the left wont hold, price will meet the centerline.
From there, a reversal is very possible.
Interestingly the neon-blue ray points to the CL too (kinda Wolfe-Wave thing).
Hunting for a long.
XLP Skew - Bullish Sentiment
XLPSubmit 52.31-0.02 (0.0%)SPDR Consumer Staples Select
Traders are willing to offer downside puts at more attractive levels relative to upside calls. The implied volatility of the downside puts is trading at a +32.7% premium to upside calls compared to the 52 week average of +36.7%. ...
Surprisingly, during the rise in 2016 in the general market, defensive sectors like Utilities and Consumer staples were bid up, in search of yield and dividends. If the Treasury Yield goes UP, or any rate hike actually happens, some funds and big investors will move out of stocks ( even defensive ones such as XLP ...
Long Russell 1000 Value / Short Russell 1000 Growth
In a market with declining corporate profits and a stagnant real disposable incomes, growth is scarce. However, with bond yields indiscriminately driving equity valuations towards records across nearly all sectors (both cyclical and non-cyclical) value is even ...
The overal market is weakening and approaching a riskwise interresting level to participate in a potential leg down
->the sp500 approaching the supplyline of a pot. downchannel
->xly approaching its resistance
->xlp on a break of the demandline , retesing the broken resistance
->xle trading at its ...
this a sector view
im dividing XLP to SPY and I get a ratio chart, showing if a sector is outperforming or down performing.
I think 2016 we will see onr of the leaders (XLP) becoming an underperformer.