Discussing all the leading sectors 0:15 XLK 1:40 XLV 3:45 XLY 4:45 XLC 5:37 XLP 6:26 XLF 7:33 XLI 9:00 XLU 10:54 XLRE 12:14 XLB 13:15 XLE
Discussing all the leading sectors and stocks to identify major trends. This weekly timeframe is suitable for longer term investors but insightful for traders.
Looking into all the major sectors of the S&P 500 to see if this breakout can be trusted. we review all sectors on a weekly basis to provide insights of the overall market. Most sectors have not broken out & trading at major resistance.
Into massive resistance. Likely see a 6-10% pullback in the near term
I called this bull flag a while back and its READY!!!!!! Lets gooo
Cycle from 11.15.2022 high is proposed complete as wave (1) at 126. Down from 11.15.2022 high, wave 1 ended at 138.20 and rally in wave 2 ended at 147.32. The ETF then extends lower in wave 3 towards 126.63 and wave 4 rally ended at 129.90. Final leg lower wave 5 ended at 126 which completed wave (1) in higher degree. Wave (2) rally is currently in progress with...
$PVH is a company that brings you the brands like Tommy Hilfiger for example. I am looking for this to head back to the down side as we are starting to get into the new year. Bullish case: crossing above the psychological level of 70 this will make some noise as we are currently in high low territory. If there is a strong amount of support, it will retest 72 and...
on the daily chart TJX right now setting up for a bull flag looking for a $15 move to the upside
i like the come HD showing from all times lows it made a %50 retracement but they are not out the woods yet would like to see a 61% or 75% retracement first
Consumer Staples continue to strongly outperform Consumer Discretionary. Growth stocks remain quite bearish. Value continues to outperform.
The XLY has been mostly gone no where since May. Break out attempted but didn't go no wheres. We're back at the July 2020 levels. Could the price action be saying we're headed to a further 20%? That would put is back in April 2020. The red & green lines are clones.
These charts speak for themselves. Be cautious.
$XLY's quarter ends with an inside shooter that may lead to a 2-1-2 bearish continuation. Because of this, I'll be looking to short Consumer Discretionary stocks.
XLY Consumer Discretionary could be seeing the effects of the bullwhip effect that Michael Burry has been warning about. Big inventory builds means prices are set to crash hard? Will be interesting to see if he is right.
XLY is testing the recent breakout level (former resistance). A hold here would be viewed in a bullish context as former resistance will have become support. This is a key ETF to watch considering the heavy weights of AMZN and TSLA. - Jamie
Quick review of the spending habits over last the years since i published my first chart... covid craziness brought the chart heavily into the XLP 'stable needs' but a huge rebound into the luxury spending, probably due to the rich getting richer and all that crazy covid money and legal scams of the mega rich energy price increases and inflation has knobbled...
VFC is a corp that not only is showing a wonderful long-term topping pattern. It's also positioned in a rather poor manner for the current macro environment. They are a cyclical company that sources the majority of their products from Asia, experiencing significant supply issues that are constricting margins significantly. Not sure if this breaks immediately,...
AAPL is the last big tech to break, pulling down QQQ & SPY with it. In this weekly chart, it just broke the green WMA50 line & also the upchannel. It seems to be making a M-pattern already with a lower high & a lower low thus confirming the downtrend. Despite a big relief rally bouncing from 140 zone last Friday, I think AAPL may still go down to my green...