Materials Select Sector SPDR XLB

TradingBandito06 Premium Updated 

G/G trend 13/21/34 Propulsion Dots, RAF has just fallen below extremes. Touching Vscore support from fisrt of the year, along with first of the year VWAP. Darvas 3.0 signal Entry on break above Minor High @ 83.05. Move stop to B/E @ 83.95 (50% Fibonacci) Profit Target - $85.20. Stop Loss @ 25% Options Looking @ 17March23 Options 83 Calls. Option interest is...

giancarlopagliaroli Premium

I have decoded the following model in Tradingview This is the sector rotation model where different sectors are stronger at different points in the economic cycle. Here my results in Tradingview by creating this ad-hoc layout I compare relative strengths of sectors at different points in the economic cycle with sectors which are stronger at previous...

DJHTrading

AMEX:XLB A double top played out in qtr1 and established a down trend for the next two quarters. Price action recently broke this trend line as well as the 200sma and printed not only at a recent top but also a S/R range going back into 2021. With RSI at the door of overbought territory and MACD at one of, if not the highest in recent time, upside gain (if...

MichaelEugen1

Hey all, XLB is in a downtrend. When you know what the trend is, you play with it accordingly. I perceive XLB will be a very solid short when $SPY reaches $389, and I will be shorting XLB. I think this is a very safe short with a massive safety net & margin for error.

VisualSectors Pro

Option flows show the support levels are close. Market due for a pullback

stevenplace Pro

names like this got crushed over past two months if you own this ETF, or underlying components, and you had a massive drawdown where do you start unloading inventory? because that's a good place to short.

MichaelEugen1

Hey all, I noticed that XLB held its most significant and clear support level today. I think it currently presents a favorable risk:reward trade.

MichaelEugen1

Hey y'all, On XLB, there is little to suggest that we aren't going to have a counter-trend rally in July. That being said, there are even fewer things suggesting that said rally would not be faded, though predicting where exactly the rally will be faded is an incredibly difficult task. If it somehow manages to push its way up to $82/share, I think it would be...

xtremerider8

The worst may not be over. A 8% inflation is very hard to fight even with monetary & fiscal policy because the FED could only control the demand side & not the supply side of inflation. With the FED making it very clear that it wont stop until inflation comes down, we may be seeing aggressive rate hikes leading to layoffs & demand destruction in the near future &...

XCatcherTrading

this is each SPDR fund since inception in 1998. Each sector is materials, energy, finance, industrials, technology, essential goods/services, utilities, healthcare, and non-essential goods/services. We can see how Energy looks as if there is more room to run which means more pain for stocks be careful traders and investors alike.

DRWN_biz

Good point for a rebounce. Chemicals look especially nice. But it's still a sideways movement, needs to breakout either way

DRWN_biz

Materials have benefited from late cycle, but lately they they underperformed and now need a good bounce back

chartsareforships

Trading plan on chart. Need a break and retest of the $94 area before adding positions. Favoring a corrective wave to add new positions. Earnings season could be the catalyst to spike into an ending diagonal (pointed out on chart). This could be one of the top sectors for 2021 but I'd like to wait for a pullback to add. If you get anything from this post please...

asdf098 Pro Updated 

Conviction: 4/5 General Thesis reaching long-term upper bound on channel (2007) Weekly RSI showing bearish divergence weekly MA look like they might be turning over Timeframe: 1 year-ish Growth N/A Value N/A Fundamentals N/A Potential Risks continued inflation + seller pricing power could go on for longer

hadimozayan Updated 

SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...

DRWN_biz

The setup is hinting at resistance breakout with Stoch rising and higher lows in place

Nuno_Nascimento Pro+

XLB etf (materials) is testing a daily supply zone ( drop base drop) offering a great point to entry short with a low risk and high reward profit margin. +5R in this case

DRWN_biz

materials setup trend, fibo, oscillators to show how the sector develops