I was messing around with my charts and noticed that SPY and XLY (Consumer Discretionary) are diverging. Looking back in time - with the exception of one littler divergence a couple years ago - I can't find anywhere else this has happened. Is this maybe a sign that the consumer is getting overly confident? When fear is turned off, things eventually get out of...
XLP has bounced off the 200MA. The last two moves pushed slightly through it, like this one, and the subsequent ramp was at least to the previous high (Feb-Mar) if not higher (Jan). The 2018 price/action below the MA shows this stock does take that indicator into account. The recovery looks to be finishing the final sub-wave of W3. March shows a slight pullback,...
Episode 8/11 : US (SPX) Sectors Technical Analysis Series - 18th of July 2019 Brief Explanation of the chart: XLP : Consumer Staples has relatively been one of the worst performing sectors since the last recession. However, recently due to the many uncertainties in the economy(US/CHINA Trade relations), staples have performed quite well (+18.1% for...
Defensives XLP, XLU, and IYR should continue to outperform
I heard some interesting commentary this week from the pros about watching for signs in the cyclical:defensive sector ratio. I put together this chart using (XLK+XLI+XLB)/(XLP+XLU+XLV). It is a composite of tech, industrials and materials indexes as a ratio to staples, utils and health sector indexes. The chart ratio is about 1:1 right now. In a late stage...
What the ___ ? I don't think I've ever seen this. Either, BUY BUY BUY!!! Place your stop accordingly
This chart of the U.S. 10s/2s curve and the SPDR S&P Utilities Sector ETF (XLU) is interesting. A few days ago, I was reading a blurb by a well-known outlet about utilities getting "smoked" during the Q4 equity route. Like above, performance is relative to time frame. Additionally, you have to have a deeper understanding about what XLU is and what it can...
Relative performance of defensive sectors XLP, XLU and IYR vs SPY. XLV performance did not follow a cyclical pattern Best fit suggests outperformance of XLP vs SPY in coming months
Some new bullish signals for Consumer Staples sector: Solid Price action over SMA(20d) and SMA(50d). SMA(20) crossed the SMA(50) the last days of the past week (Golden Cross!). A good strategy to go long is to wait for a correction around the SM(20d).
S&P 500 $SPY vs consumers staples $XLP falling off a cliff just isn't something bulls want to see.
Consumer Staples (usually a defensive investment) are taking precedence over Consumer Discretionary (usually aggressive posture, when all is well) in October. We are pressing lower and showing the largest drop in a while. This is potentially a leading indicator of some kind of slowdown coming.
AT40 = 41.2% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 51.6% of stocks are trading above their respective 200DMAs VIX = 12.1 Short-term Trading Call: neutral Commentary The stock market is stretched yet again based on AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs). AT40...
Bullish here as long as the 50% Retrace line holds at 53.87. Shared my trade as well. Cheers
This video is the first of many, and I discuss the behaviors of the sectors and potential markets that are poised to trend in the near future. The "freshest" sectors quietly trying to start a new trend are the Industrial and Consumer Discretionary Sectors. The sectors (along with their industries) I think should be on every trend follower's radar are: XLF -...
Shares of General Mills (GIS) have been terrible to own lately. But they're finally finding support at a major support level (breakout from 2012-2013) at about $41. They recently acquired Blue Buffalo Pet Foods, which should help drive growth to the bottom line, as the humanization of pets continues to accelerate. At current prices, it's also sporting a solid...
It's a celebration! Apple (AAPL) made history by breaking the trillion dollar market. After some delay, the stock market joined the party. "A Trillion Dollar Tailwind As Apple Helps Will the Stock Market Higher" drduru.com $SPY $QQQ $AAPL #AT40 #T2108 #VIX $CMG $DPZ $MSFT $XLP $CAT $RIO $BHP $X
The trading action over the last 2 days validated my bearish stance as small caps and tech finally sustained a tumble deep enough to matter. Stock Market Bears Increase the Pressure drduru.com $SPY $QQQ $XLP $XLF $XLI $XLP $AXON #VIX #AT40 #T2108$BHP $USO $SLV $BOTZ $CAT $INTC $KMX $RHT $SPLK $WHR $WIX
Shares of TUP are approaching a critical long-term support level at $39-42, depicted on this weekly chart with the blue line. The daily chart is also looking favorable, with shares now trading above the 50-day moving average, and my 5/13ema's are in a buy mode. I'm a buyer with a stop on a weekly close below $39.