With XLY vs. XLP on everyone's radar as it eyes new highs, what is Industrials vs. Staples saying about the strength of this risk on rally?
COVID-19 resulted in Online Retail ETFs reaching new all-time highs on a relative & absolute basis. Online Retail/SPY has been known to move similarly to CD/CS. We've seen CD/CS break diagonal resistance, but remains below its June 2018 ATH. EW CD/ EW CS is still heavily lagging and well below its June 2018 high
This cap-weighted ratio is trekking higher as the S&P 500 stalls below 3,000
XLY vs. XLP Trading above its March high, would like to see the diagonal trend line break to the upside in support of the bull case
They expect their new shelf prospectus and reverse split to be completed on May 11. Based on last week's market cap, we would be looking at 35% dilution, but after yesterday's sell off, it is getting closer to 50%. I had a buy box for a bounce play, but for the time being, I will be avoiding ACB like the plague. ACB and CGC, they once were kings of a promised...
Another asset with excellent fundamentals, is Auxly Cannabis. I was just looking for levels of confluence. I think we will see XLY back at $0.70 soon, and longer term targets include $1.15 and $2. Earnings call coming up. We'll see where it takes us. I do believe we'll see XLY retest $0.29 before moving higher, but at the same time, it doesn't have to. This is...
But in may and Q1 I believe ! I first bought at .90USD and I keep averaging down every month. My last play in XLY will be at .18CAD. I was right with the .25CAD. I'll be right with .15... WallStreet will fall. Get used to it and take care. Good luck all !
First buy box reached. I had reserved an amount for this moment, and I have divided that amount into three baskets. The first one filled at $1.15. The next FIB level down is around $0.89, but this may very well bounce at the $1 psychological level. A third will be purchased if it drops into the box below $0.80. At the moment, judging from a fundamental...
Wyndham Hotels is looking poised for its next bullish leg higher. The stock broke down through a bullish trendline but was able to find support along the 50-EMA line. The daily volume is showing that buyers are showing up as the price seems to be rounding out of a bottom & the RSI has risen above 50 as it exits an oversold condition. My price targets are noted on...
Underlying weakness, with bullish divergence on several indicators. Could possibly see a correction to $0.70 support/resistance soon. Excellent fundamentals, undervalued and a strategic investment by Imperial Brands. Monthly/weekly falling wedge likely to remain in play until Q2 2021, but there should be some significant bounces. Currently trading at $0.57, a...
Stock is exiting an oversold condition while maintaining an RSI above 50 & remaining in its existing ascending channel. This stock is gaining some strength against the SPX as is the Discretionary sector. I am targeting the channel resistance line or the $65.20 price level as my profit zone.
My two most favorite indicators (RSI+MACD; not too crazy) just broke their monthly trends. I think consumption data should be followed more closely in the next quarter to provide us with reassurance that the consumer remains strong. Watch unemployment to remain contained, sentiment remain broadly positive - Umich, NFIB smallbus, OECD CEO - and that Homebuilder...
Before we get started, I just wanna say that the method used here is an extension of an article written in 2015 on Stockcharts called "This Signal Is Bullish And Rarely Fails". Worth a read to better, it's a short article with more depth, but the forecast is outdated. In short: Consumer sentiment always leads the Stock market. Okay, so what's going on here?...
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...
Auxly just landed a strategic partnership and cash investment from Imperial Brands. Does that mean the bottom is in? This could be the start of a new bull run. The sling shot upward could explain why the indicators are topping out. With strong fundamentals and cash position, perhaps we'll see XLY start trending upward, to perhaps as much as $1.60 by...
Episode 7/11: US (SPX) Sectors Technical Analysis Series - 18th of July 2019 Brief Explanation of the chart: XLY- Consumer Discretionary sector index has proven to be one of or if not the best performing sector since 2009. "Rubber-band" theory of recessions does support this bounce in performance based on the negative sentiment in 2009 during which the...
#XLY consumer discretionary/cyclical consumers