With volatility this low I am looking for trades with IV percentile in the last 6months of above 25. XLP have an IV Rank of 14.5 which is low, but IV percentile of 33.5 in the last 6 months (which would meet with my criteria). I am placing an skewed Iron Condor, betting that it will stay within the expected move with a little skewed to the downside thinking...
SPX vs Major Sectors. I added IBB to cover Biotech. Please comment. My understanding at this point is to stay in sectors which have good fundamentals and have been relative laggards. The 3 bottom ones at this point seem to be Financials, Technology and XLU / XLP. Since utilities is a risk-averse sector, so in a pro-growth environment I may want to go with the...
ENTRY 52.55 SL 52.88 TP1 51.57 TP2 50.97
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.
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 or XLU ). Watch major support ( weekly ) around 52.00 USD.
Consumer Staples SPDR ETF is looking good on both short term and long term basis. On long term basis - XLP trades in both 5 and 10 year uptrend, as the price stands firmly above 1st upper standard deviations from both 5 and 10 year means It has tested its 5-year trend during the august selloff and held it successfully. On short term basis - XLP shows no trends...
XLP has closed below its intraday trendline after printing bearish 1HR Knoxville Divergence at its daily S/R zone. There are two missed weekly pivots below price which provide excellent targets. A SL should be placed above daily S/R zone, and profit may be taken around 49.30, before intraday S/R zone.
Close to breakout a old diamond pattern. Nice R/R on this trade.
XLP broke below the 47.50 support (December 16, 2015) to post a new 6-month low at 47.46 (June 8, 2015) before consolidating. The 6-month triangle top (as shown on the daily chart) continues to weigh and projects lower. Below the 47.46/47.50 key support area would extend the fall towards 46.56 (October 31, 2014 low) near 50% of the 43.69/50.22 rise next. Below...
10 dsma < 30 dema ADX at 23.5137 Broke below trend line, and more recent support of ~48 Thinking about selling a call spread, or finding an underlying to sell a call spread
This chart shows 8 SPY sectors from the highest to the lowest weight*. You can copy/use this chart by going to the Share icon on the chart (below the like button) and click the Make it mine button on the popup. Enjoy! * Taken from www.sectorspdr.com on May 9th, 2015. It's missing XLU (2.75%), because TV has a limit of 8 charts.
$CHD looks like it's being trimmed on the up moves. See Excess Demand Supply signals. I will be trimming back and trailing up. Should not drop until the green "A" flips to a red "D". At that time (if other signals have not flipped green) Supply signals 1 thru 5 will be in alignment. Then I'll pull the trim trigger. Technical resistance above is at the $91 +/-...
The charts above show the performance of each sector relative to all nine sectors combined. XLK tech couldn't be included due to having only 8 panes but it was included in determining the sector ratios. Important to keep in mind that these are ratios, all prices could go lower or higher together but what I'm interested in here is purely the relative performance....
Seeing a great idea from our dear mod Technician, i decided to check this a bit more and see if there is any tight correlation. Going backwards i actually does show some correlation in 2011 and 2007. Whenever XLY/XLP changed a trend and/or showed divergence to the price action, the stock index would go down as well. The ration was good to be used to see the top...
A great indicator to determine the confidence (ie. risk appetite) of investors/speculators is the XLY/XLP ratio. XLY is the ETF for consumer discretionary stocks whereas XLP is the ETF for constumer staples stocks. In times of confidence, XLY should perform better than XLP because there is belief that the economy is doing well and that people will spend cash on...
Long Consumer Staples, Short Consumer Discretionary A defensive pair for major market correction at historical low level. The pair is breaking out from a four months correction. Expecting it to run back to 0.7, indirectly hinting for a potential S&P correction is coming.